Altus Power (AMPS) to Release Earnings on Tuesday

Altus Power (NYSE:AMPS) will announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Altus Power has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Altus Power (NYSE:AMPS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.13. Altus Power had a net margin of 13.55% and a return on equity of 2.52%. The business had revenue of $52.46 million for the quarter, compared to the consensus estimate of $57.61 million. On average, analysts expect Altus Power to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Altus Power Price Performance

NYSE:AMPS traded down $0.05 during trading hours on Tuesday, reaching $3.49. The stock had a trading volume of 343,138 shares, compared to its average volume of 1,058,956. The company has a 50 day moving average price of $3.27 and a two-hundred day moving average price of $3.71. Altus Power has a 52 week low of $2.71 and a 52 week high of $7.28. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $561.16 million, a PE ratio of 25.50 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMPS shares. Roth Mkm reissued a “buy” rating and set a $4.50 target price on shares of Altus Power in a research note on Wednesday, October 16th. Citigroup dropped their price objective on Altus Power from $7.00 to $5.50 and set a “buy” rating for the company in a report on Tuesday, October 22nd. UBS Group reduced their price target on shares of Altus Power from $5.50 to $5.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Morgan Stanley lowered shares of Altus Power from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $8.00 to $4.00 in a research note on Wednesday, August 21st. Finally, Maxim Group cut their target price on shares of Altus Power from $5.50 to $4.50 and set a “buy” rating for the company in a research report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $5.94.

About Altus Power

Altus Power, Inc, a clean electrification company, develops, owns, constructs, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. It serves commercial, industrial, public sector, and community solar customers. Altus Power, Inc was founded in 2013 and is headquartered in Stamford, Connecticut.