Zacks: Brokerages Anticipate Pampa Energia S.A. (PAM) Will Post Earnings of -$1.14 Per Share

Analysts expect Pampa Energia S.A. (NYSE:PAM) to announce earnings per share of ($1.14) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Pampa Energia’s earnings. Pampa Energia posted earnings of ($0.07) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 1,528.6%. The company is expected to issue its next quarterly earnings results on Friday, August 10th.

On average, analysts expect that Pampa Energia will report full year earnings of $3.67 per share for the current financial year. For the next fiscal year, analysts anticipate that the business will post earnings of $5.25 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Pampa Energia.

Pampa Energia (NYSE:PAM) last released its quarterly earnings results on Thursday, May 31st. The utilities provider reported $1.56 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.37. The company had revenue of $987.80 million for the quarter. Pampa Energia had a return on equity of 26.52% and a net margin of 8.09%.

A number of equities research analysts have recently commented on the company. Credit Suisse Group assumed coverage on Pampa Energia in a research report on Thursday, July 12th. They set an “underperform” rating on the stock. Zacks Investment Research lowered Pampa Energia from a “hold” rating to a “sell” rating in a research report on Saturday, June 30th. Finally, ValuEngine lowered Pampa Energia from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Three research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $69.00.

A number of institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its position in Pampa Energia by 24.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,377 shares of the utilities provider’s stock valued at $380,000 after buying an additional 1,253 shares during the last quarter. Northern Trust Corp raised its position in Pampa Energia by 1.7% in the 1st quarter. Northern Trust Corp now owns 78,476 shares of the utilities provider’s stock valued at $4,678,000 after buying an additional 1,324 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Pampa Energia by 170.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,996 shares of the utilities provider’s stock valued at $179,000 after buying an additional 1,888 shares during the last quarter. NN Investment Partners Holdings N.V. raised its position in Pampa Energia by 76.0% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 4,400 shares of the utilities provider’s stock valued at $157,000 after buying an additional 1,900 shares during the last quarter. Finally, Deltec Asset Management LLC raised its position in Pampa Energia by 2.9% in the 1st quarter. Deltec Asset Management LLC now owns 72,050 shares of the utilities provider’s stock valued at $4,294,000 after buying an additional 2,000 shares during the last quarter. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of Pampa Energia traded up $1.49, reaching $42.19, during mid-day trading on Friday, according to MarketBeat. 443,651 shares of the company’s stock were exchanged, compared to its average volume of 391,438. The firm has a market cap of $2.96 billion, a P/E ratio of 11.88, a P/E/G ratio of 0.40 and a beta of 1.17. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.24 and a quick ratio of 1.14. Pampa Energia has a twelve month low of $32.18 and a twelve month high of $72.98.

Pampa Energia Company Profile

Pampa Energía SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.

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