What is Raymond James' Forecast for TSE:INE FY2025 Earnings?

Innergex Renewable Energy Inc. (TSE:INE - Free Report) - Raymond James cut their FY2025 earnings 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 previous forecast of $0.02. Raymond James has a "Market Perform" rating and a $13.75 price objective on the stock. The consensus estimate for Innergex Renewable Energy's current full-year earnings is $0.15 per share.

A number of other equities research analysts have also issued reports on the company. National Bank Financial lowered Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Desjardins lowered shares of Innergex Renewable Energy from a "buy" rating to a "tender" rating and dropped their price objective for the company from C$14.50 to C$13.75 in a research note on Wednesday, February 26th. National Bankshares downgraded shares of Innergex Renewable Energy from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from C$16.00 to C$13.75 in a research note on Wednesday, February 26th. Cormark dropped their price target on shares of Innergex Renewable Energy from C$10.00 to C$9.50 in a research note on Thursday, January 30th. Finally, TD Securities boosted their price objective on shares of Innergex Renewable Energy from C$8.00 to C$9.00 and gave the stock a "hold" rating in a report on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of C$11.59.

Innergex Renewable Energy Stock Down 0.4 %

TSE INE traded down C$0.05 during trading hours on Thursday, hitting C$13.54. The company had a trading volume of 1,133,439 shares, compared to its average volume of 1,173,974. The firm's 50 day moving average is C$13.51 and its 200 day moving average is C$10.16. The company has a debt-to-equity ratio of 620.44, a current ratio of 0.56 and a quick ratio of 0.58. Innergex Renewable Energy has a fifty-two week low of C$6.98 and a fifty-two week high of C$13.63. The company has a market capitalization of C$2.78 billion, a price-to-earnings ratio of -21.72, a P/E/G ratio of 20.61 and a beta of 0.36.

Innergex Renewable Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a $0.09 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a yield of 2.66%. Innergex Renewable Energy's dividend payout ratio (DPR) is -57.74%.

About Innergex Renewable Energy

For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada's best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world.