Atb Cap Markets Predicts Northland Power FY2025 Earnings

Key Points

• Atb Cap Markets has revised its FY2025 earnings per share estimate for Northland Power downward from $0.55 to $0.49.
• Several analysts have modified their price targets on Northland Power, with Desjardins lowering theirs from C$28.00 to C$27.00, while CIBC raised its target from C$28.00 to C$29.00.
• Northland Power recently announced a monthly dividend of $0.10, yielding approximately 4.9%, amidst a challenging financial context with a negative dividend payout ratio.

Northland Power Inc. (TSE:NPI - Free Report) - Stock analysts at Atb Cap Markets cut their FY2025 earnings per share (EPS) estimates for shares of Northland Power in a research report issued to clients and investors on Sunday, October 19th. Atb Cap Markets analyst N. Heywood now forecasts that the solar energy provider will earn $0.49 per share for the year, down from their previous forecast of $0.55.

Several other equities research analysts have also commented on NPI. Desjardins dropped their price objective on shares of Northland Power from C$28.00 to C$27.00 and set a "buy" rating on the stock in a research note on Tuesday, October 14th. CIBC lifted their price objective on Northland Power from C$28.00 to C$29.00 in a report on Monday, July 21st. Finally, Raymond James Financial dropped their price target on shares of Northland Power from C$29.00 to C$28.00 and set an "outperform" rating on the stock in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$27.07.

Northland Power Trading Down 1.0%

TSE NPI opened at C$24.61 on Tuesday. The stock has a market cap of C$6.44 billion, a P/E ratio of -117.19, a price-to-earnings-growth ratio of 0.71 and a beta of 0.85. The stock has a 50 day simple moving average of C$23.02 and a two-hundred day simple moving average of C$21.59. Northland Power has a fifty-two week low of C$16.14 and a fifty-two week high of C$25.20. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17.

Northland Power Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were paid a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Thursday, July 31st. Northland Power's dividend payout ratio (DPR) is presently -571.43%.

Northland Power Company Profile

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term.

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