Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Free Report) - Equities research analysts at Raymond James dropped their FY2025 earnings per share estimates for Innergex Renewable Energy in a research report issued on Tuesday, April 29th. Raymond James analyst T. Genzebu now anticipates that the company will post earnings of ($0.01) per share for the year, down from their prior forecast of $0.01. 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.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.22. The business had revenue of $204.46 million for the quarter, compared to analysts' expectations of $266.84 million. Innergex Renewable Energy had a net margin of 1.84% and a return on equity of 4.40%.
Separately, National Bank Financial lowered shares of Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th.
Check Out Our Latest Report on INGXF
Innergex Renewable Energy Price Performance
Shares of OTCMKTS INGXF traded down $0.01 during mid-day trading on Thursday, reaching $9.81. 2,015 shares of the company were exchanged, compared to its average volume of 53,017. The company's 50 day moving average price is $9.54 and its 200 day moving average price is $7.17. Innergex Renewable Energy has a 52 week low of $4.81 and a 52 week high of $10.03. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. The stock has a market capitalization of $1.99 billion, a PE ratio of 327.00 and a beta of 0.55.
Innergex Renewable Energy Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a $0.0624 dividend. This represents a yield of 2.64%. The ex-dividend date was Monday, March 31st. Innergex Renewable Energy's dividend payout ratio (DPR) is presently 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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