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The Zacks Consensus Estimate for the company’s 2020 earnings is pegged at $2.22 per share on revenues of $6.47 billion. While the bottom line suggests 2.30% increase, the top line calls for a 2.09% rise on a year-over-year basis.
The consensus mark for 2021 earnings is pegged at $2.41 per share on revenues of $6.70 billion. While the bottom line suggests 8.41% increase, the top line calls for a 3.53% rise on a year-over-year basis.
Long-Term Growth & Price Performance
The company’s long-term (three to five years) earnings growth is pegged at 5.50%.
On a long-term basis, shares of the company have outperformed the industry. In the past five years, shares of Avangrid have surged 32.1% compared with the industry’s growth of 5.8%.
Debt/Capital & Dividend Yield
The company’s current debt-to-capital ratio is pegged at 32.08%, lower than the industry’s 57.59% and Zacks S&P 500 composite’s 49.04%.
Currently, the company has a dividend yield of 4% compared with the industry’s 3.65% and Zacks S&P 500 composite’s 1.84%.
Infrastructural Investments
For the first three months ended Mar 31, 2020, the company’s net cash used in investing activities was $749 million compared with $526 million in year-ago quarter. It expects to incur nearly $1.9 billion in capital expenditures through the remainder of 2020.At Mar 31, 2020, available liquidity was approximately $2,293 million.
Stocks to Consider
A few better-ranked stocks from the same sectorare Southwest Gas Corporation (SWX - Free Report) , Sempra Energy (SRE - Free Report) and NextEra Energy, Inc. (NEE - Free Report) . All three stocks hold a Zacks Rank #2 (Buy) at present.
The long-term earnings growth rate of Southwest Gas, Sempra Energy and NextEra Energy is pegged at 6%, 6.90% and 7.70%, respectively.
Southwest Gas, Sempra Energy and NextEra Energy reported positive earnings surprise of 3.92%, 32.76% and 7.69%, respectively, in the last reported quarter.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Here's Why You Should Invest in Avangrid (AGR) Stock Now
Avangrid, Inc.’s (AGR - Free Report) long-term capital investments and upcoming renewables projects are expected to boost earnings.
Let’s take a look at the factors that are driving this Zacks Rank #2 (Buy) utility company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Growth Projections
The Zacks Consensus Estimate for the company’s 2020 earnings is pegged at $2.22 per share on revenues of $6.47 billion. While the bottom line suggests 2.30% increase, the top line calls for a 2.09% rise on a year-over-year basis.
The consensus mark for 2021 earnings is pegged at $2.41 per share on revenues of $6.70 billion. While the bottom line suggests 8.41% increase, the top line calls for a 3.53% rise on a year-over-year basis.
Long-Term Growth & Price Performance
The company’s long-term (three to five years) earnings growth is pegged at 5.50%.
On a long-term basis, shares of the company have outperformed the industry. In the past five years, shares of Avangrid have surged 32.1% compared with the industry’s growth of 5.8%.
Debt/Capital & Dividend Yield
The company’s current debt-to-capital ratio is pegged at 32.08%, lower than the industry’s 57.59% and Zacks S&P 500 composite’s 49.04%.
Currently, the company has a dividend yield of 4% compared with the industry’s 3.65% and Zacks S&P 500 composite’s 1.84%.
Infrastructural Investments
For the first three months ended Mar 31, 2020, the company’s net cash used in investing activities was $749 million compared with $526 million in year-ago quarter. It expects to incur nearly $1.9 billion in capital expenditures through the remainder of 2020.At Mar 31, 2020, available liquidity was approximately $2,293 million.
Stocks to Consider
A few better-ranked stocks from the same sectorare Southwest Gas Corporation (SWX - Free Report) , Sempra Energy (SRE - Free Report) and NextEra Energy, Inc. (NEE - Free Report) . All three stocks hold a Zacks Rank #2 (Buy) at present.
The long-term earnings growth rate of Southwest Gas, Sempra Energy and NextEra Energy is pegged at 6%, 6.90% and 7.70%, respectively.
Southwest Gas, Sempra Energy and NextEra Energy reported positive earnings surprise of 3.92%, 32.76% and 7.69%, respectively, in the last reported quarter.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>