Analysts expect InfraREIT Inc (NYSE:HIFR) to report $0.32 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for InfraREIT’s earnings. The firm is expected to report its next quarterly earnings results on Thursday, November 1st.
On average, analysts expect that InfraREIT will report full-year earnings of $1.28 per share for the current year. For the next financial year, analysts anticipate that the firm will report earnings of $1.37 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover InfraREIT.
InfraREIT (NYSE:HIFR) last issued its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. InfraREIT had a net margin of 18.41% and a return on equity of 9.13%. The business had revenue of $47.83 million during the quarter.
Separately, ValuEngine upgraded shares of InfraREIT from a “hold” rating to a “buy” rating in a report on Wednesday, July 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $21.00.
Several hedge funds have recently added to or reduced their stakes in HIFR. BlackRock Inc. raised its holdings in InfraREIT by 7.6% in the 2nd quarter. BlackRock Inc. now owns 3,003,868 shares of the real estate investment trust’s stock worth $66,596,000 after acquiring an additional 211,422 shares during the last quarter. FMR LLC raised its holdings in InfraREIT by 230.1% in the 2nd quarter. FMR LLC now owns 2,018,080 shares of the real estate investment trust’s stock worth $44,741,000 after acquiring an additional 1,406,778 shares during the last quarter. Prudential Financial Inc. raised its holdings in InfraREIT by 1.5% in the 1st quarter. Prudential Financial Inc. now owns 506,152 shares of the real estate investment trust’s stock worth $9,834,000 after acquiring an additional 7,324 shares during the last quarter. Northern Trust Corp raised its holdings in InfraREIT by 9.0% in the 2nd quarter. Northern Trust Corp now owns 488,543 shares of the real estate investment trust’s stock worth $10,831,000 after acquiring an additional 40,317 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in InfraREIT by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 370,480 shares of the real estate investment trust’s stock worth $8,214,000 after acquiring an additional 6,382 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.
HIFR traded down $0.16 on Friday, hitting $20.96. The company had a trading volume of 4,591 shares, compared to its average volume of 102,935. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.28 and a current ratio of 0.28. InfraREIT has a 52-week low of $17.60 and a 52-week high of $23.22.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.00 annualized dividend and a dividend yield of 4.77%.
InfraREIT Company Profile
InfraREIT is engaged in owning and leasing rate-regulated electric transmission assets in the state of Texas and is structured as a real estate investment trust. The Company is externally managed by Hunt Utility Services, LLC, an affiliate of Hunt Consolidated, Inc (a diversified holding company based in Dallas, Texas, and managed by the Ray L.
Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for InfraREIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InfraREIT and related companies with MarketBeat.com's FREE daily email newsletter.