Innergex Renewable Energy (INGXF) to Release Quarterly Earnings on Wednesday

Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $277.44 million for the quarter.

Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. The firm had revenue of $188.64 million for the quarter, compared to the consensus estimate of $277.44 million. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%. On average, analysts expect Innergex Renewable Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Innergex Renewable Energy Stock Performance

INGXF remained flat at $9.81 during trading on Monday. The company's stock had a trading volume of 8 shares, compared to its average volume of 53,017. The stock has a 50-day moving average price of $9.59 and a 200 day moving average price of $7.26. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 327.00 and a beta of 0.62. Innergex Renewable Energy has a one year low of $4.81 and a one year high of $10.03. The company has a debt-to-equity ratio of 4.50, a quick ratio of 0.56 and a current ratio of 0.56.

Innergex Renewable Energy Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a $0.0624 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a dividend yield of 2.64%. Innergex Renewable Energy's dividend payout ratio is presently 833.33%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. National Bank Financial cut Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Raymond James cut Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, February 25th.

Innergex Renewable Energy Company Profile

Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.