Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Free Report) - Raymond James decreased their Q1 2025 earnings per share estimates for Innergex Renewable Energy in a report released on Tuesday, April 29th. Raymond James analyst T. Genzebu now anticipates that the company will post earnings per share of ($0.08) for the quarter, down from their prior estimate of ($0.06). Raymond James currently has a "Hold" rating on the stock. The consensus estimate for Innergex Renewable Energy's current full-year earnings is $0.09 per share.
Separately, National Bank Financial lowered Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Check Out Our Latest Analysis on Innergex Renewable Energy
Innergex Renewable Energy Stock Down 0.3 %
Shares of INGXF traded down $0.03 during midday trading on Friday, hitting $9.82. The company had a trading volume of 845 shares, compared to its average volume of 53,736. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 327.33 and a beta of 0.55. The company's 50 day moving average price is $9.54 and its 200 day moving average price is $7.17. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. Innergex Renewable Energy has a 52 week low of $4.81 and a 52 week high of $10.03.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.22. The business had revenue of $204.46 million during the quarter, compared to the consensus estimate of $266.84 million. Innergex Renewable Energy had a net margin of 1.84% and a return on equity of 4.40%.
Innergex Renewable Energy Cuts Dividend
The firm also recently announced a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.0624 per share. The ex-dividend date was Monday, March 31st. This represents a yield of 2.64%. Innergex Renewable Energy's payout ratio is 833.33%.
About Innergex Renewable Energy
(
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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.
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