Algonquin Power & Utilities (AQN) to Release Earnings on Friday

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Friday, May 9th. Analysts expect Algonquin Power & Utilities to post earnings of $0.09 per share and revenue of $699.08 million for the quarter.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last announced its quarterly earnings results on Friday, March 7th. The utilities provider reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.04). Algonquin Power & Utilities had a negative net margin of 39.12% and a positive return on equity of 5.22%. The business had revenue of $584.80 million for the quarter, compared to analysts' expectations of $644.73 million. On average, analysts expect Algonquin Power & Utilities to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Algonquin Power & Utilities Price Performance

NYSE AQN traded down $0.03 on Wednesday, hitting $5.46. The stock had a trading volume of 15,461,497 shares, compared to its average volume of 7,629,780. Algonquin Power & Utilities has a 52-week low of $4.19 and a 52-week high of $6.77. The firm has a 50-day moving average of $5.10 and a 200-day moving average of $4.81. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 0.92. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of -4.23 and a beta of 0.67.

Algonquin Power & Utilities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend was Monday, March 31st. Algonquin Power & Utilities's payout ratio is currently -14.44%.

Wall Street Analyst Weigh In

AQN has been the subject of several research analyst reports. Scotiabank increased their price objective on Algonquin Power & Utilities from $5.25 to $5.50 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. National Bankshares reduced their price target on Algonquin Power & Utilities from $6.75 to $6.25 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Royal Bank of Canada dropped their price objective on Algonquin Power & Utilities from $6.00 to $5.50 and set a "sector perform" rating on the stock in a research report on Tuesday, February 18th. Finally, CIBC cut their target price on shares of Algonquin Power & Utilities from $5.50 to $5.25 and set a "neutral" rating for the company in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $5.92.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission.