Hannon Armstrong -1.5% as Q2 core EPS disappoints

|About: Hannon Armstrong Sustainabl... (HASI)|By:, SA News Editor

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASIfalls 1.5% in after-hours trading after Q2 core EPS of 30 cents trails the FactSet estimate of 34 cents.

Compares with 39 cents in the year-ago quarter.

Q2 revenue of $31.3M fell from $36.1M a year ago; gain on sale of receivables and investments fell to $2.2M from $14.2M a year ago.

Confirms previously stated 2018-2020 annual core EPS growth of 2%-6%, using 2017 as baseline.

Closed $204M of transactions in the quarter vs. $200M in the same period in 2018.

Remains on track to close more than $1B of transactions in 2019.

Effective July 30, 2019, Simone Lagomarsino and Michael Eckhart joined the board and Rebecca Blalock and Mark Cirilli notified the board of their intent to resign.

Conference call at 5:00 PM ET.

Previously: Hannon Armstrong beats on revenue (Aug. 1)

Subscribe for full text news in your inbox