Ormat Technologies, Inc. (NYSE:ORA) is reporting third quarter financial results on Tuesday 3rd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, ORA is expected to report 3Q20 income of $ 0.27 per share from revenue of $ 162.47 million.
For the full year, analysts anticipate top line of $ 715.73 million, while looking forward to income of $ 1.91 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 710.00 million ~ $ 725.00 million
Click Here For More Historical Outlooks Of Ormat Technologies, Inc.
Previous Quarter Performance
Ormat Technologies, Inc. outlined income for the second quarter of $ 0.45 per share, from the revenue of $ 174.90 million. The quarterly earnings 12.50 percent while revenues reduced 4.98 percent compared with the same quarter last year.
Street analysts expected Ormat Technologies, Inc. to report income of $ 0.38 per share on revenue of $ 168.63 million for the second quarter. The bottom line results beat street analysts by $ 0.07 or 18.42 percent, at the same time, top line results outshined analysts by $ 6.27 million or 3.72 percent.
Stock Performance
Shares of Ormat Technologies, Inc. traded up $ 1.21 or 1.71 percent on Monday, reaching $ 72.08 with volume of 448.70 thousand shares. Ormat Technologies, Inc. has traded high as $ 72.60 and has cracked $ 70.19 on the downward trend
The closing price of $ 72.08, representing a 32.62 % increase from the 52 week low of $ 53.44 and a 18.61 % decrease over the 52 week high of $ 87.07.
The company has a market capital of $ 3.68 billion and is part of the Utilities sector and Utilities – Independent Power Producers industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.11 per share on August 4, 2020. The dividend were payable on September 1, 2020 to holders of record as of the close of business on August 18, 2020 and ex-dividend date on August 17, 2020.
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, and internationally. The company operates through three segments: Electricity, Product, and Other.
