FY2025 EPS Estimates for OTCMKTS:INGXF Reduced by Analyst

Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Free Report) - Research analysts at Raymond James dropped their FY2025 earnings per share (EPS) estimates for Innergex Renewable Energy in a report issued on Tuesday, April 29th. Raymond James analyst T. Genzebu now anticipates that the company will post earnings per share of ($0.01) for the year, down from their previous 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 posted its quarterly earnings results on Thursday, February 20th. The company reported $0.21 EPS for the quarter, topping the consensus estimate 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%.

Separately, National Bank Financial lowered Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

Innergex Renewable Energy Stock Down 0.1 %

Shares of Innergex Renewable Energy stock traded down $0.01 during trading on Thursday, hitting $9.81. 2,015 shares of the stock were exchanged, compared to its average volume of 53,017. Innergex Renewable Energy has a 12-month low of $4.81 and a 12-month high of $10.03. The company has a debt-to-equity ratio of 4.50, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 327.00 and a beta of 0.55. The firm's 50-day moving average price is $9.55 and its 200 day moving average price is $7.19.

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 given a dividend of $0.0624 per share. The ex-dividend date was Monday, March 31st. This represents a dividend yield of 2.64%. Innergex Renewable Energy's payout ratio is 833.33%.

About Innergex Renewable Energy

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.