Desjardins Has Optimistic Outlook of TSE:AQN FY2026 Earnings

Algonquin Power & Utilities Corp. (TSE:AQN - Free Report) - Desjardins raised their FY2026 earnings estimates for shares of Algonquin Power & Utilities in a research note issued on Sunday, May 11th. Desjardins analyst B. Stadler now expects that the company will post earnings of $0.50 per share for the year, up from their previous forecast of $0.46. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.47 per share.

A number of other brokerages also recently issued reports on AQN. BMO Capital Markets downgraded Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research report on Monday. TD Securities boosted their price objective on Algonquin Power & Utilities from C$5.00 to C$6.00 and gave the company a "hold" rating in a research report on Monday. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of C$6.00.

Algonquin Power & Utilities Price Performance

TSE:AQN opened at C$7.81 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 154.35. Algonquin Power & Utilities has a 52 week low of C$6.03 and a 52 week high of C$9.19. The stock's 50-day moving average price is C$7.28 and its 200-day moving average price is C$6.84. The stock has a market capitalization of C$4.23 billion, a PE ratio of -3.92, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last released its quarterly earnings data on Friday, March 7th. The company reported C$0.06 earnings per share for the quarter, missing analysts' consensus estimates of C$0.09 by C($0.03). Algonquin Power & Utilities had a negative net margin of 39.22% and a negative return on equity of 19.30%. During the same quarter in the previous year, the firm posted $0.16 earnings per share.

Insider Activity

In other news, Director Randy David Laney acquired 9,795 shares of the firm's stock in a transaction on Monday, March 10th. The shares were bought at an average price of C$7.02 per share, for a total transaction of C$68,803.21. Company insiders own 0.06% of the company's stock.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.

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