FY2025 EPS Estimates for TSE:AQN Reduced by Analyst

Algonquin Power & Utilities Corp. (TSE:AQN - Free Report) - Analysts at National Bank Financial decreased their FY2025 earnings estimates for Algonquin Power & Utilities in a research note issued on Tuesday, June 3rd. National Bank Financial analyst R. Merer now anticipates that the company will post earnings per share of $0.44 for the year, down from their prior forecast of $0.52. National Bank Financial has a "Hold" rating and a $6.75 price objective on the stock. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.47 per share. National Bank Financial also issued estimates for Algonquin Power & Utilities' FY2026 earnings at $0.50 EPS and FY2027 earnings at $0.59 EPS.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last announced its quarterly earnings results on Friday, March 7th. The company reported C$0.06 EPS 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 last year, the business posted $0.16 earnings per share.

Several other brokerages also recently weighed in on AQN. TD Securities upped their price objective on Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the stock a "hold" rating in a research report on Wednesday. BMO Capital Markets downgraded shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$6.63.

Algonquin Power & Utilities Stock Performance

AQN opened at C$7.99 on Friday. The business's fifty day moving average is C$7.45 and its 200-day moving average is C$6.95. Algonquin Power & Utilities has a 52-week low of C$6.03 and a 52-week high of C$8.76. The company has a debt-to-equity ratio of 154.35, a quick ratio of 0.37 and a current ratio of 0.92. The firm has a market cap of C$4.33 billion, a P/E ratio of -4.01, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52.

Insiders Place Their Bets

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

Algonquin Power & Utilities Company Profile

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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