Raymond James Analysts Reduce Earnings Estimates for Boralex

Boralex Inc. (TSE:BLX - Free Report) - Investment analysts at Raymond James decreased their Q1 2025 earnings per share (EPS) estimates for shares of Boralex in a research report issued on Tuesday, April 29th. Raymond James analyst T. Genzebu now anticipates that the company will post earnings of $0.33 per share for the quarter, down from their prior forecast of $0.40. The consensus estimate for Boralex's current full-year earnings is $1.34 per share. Raymond James also issued estimates for Boralex's Q1 2026 earnings at $0.63 EPS, Q2 2026 earnings at $0.13 EPS, Q3 2026 earnings at ($0.01) EPS and Q4 2026 earnings at $0.94 EPS.

A number of other research analysts also recently weighed in on BLX. CIBC lowered their price objective on shares of Boralex from C$42.00 to C$40.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Scotiabank reduced their price target on Boralex from C$42.00 to C$36.00 and set a "sector perform" rating for the company in a research report on Thursday, January 30th. National Bankshares lowered their target price on shares of Boralex from C$46.00 to C$43.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th. Finally, Cormark cut their price objective on shares of Boralex from C$47.00 to C$35.00 in a report on Thursday, January 30th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$40.25.

Boralex Stock Performance

TSE BLX traded up C$0.24 during trading hours on Thursday, hitting C$30.70. The company's stock had a trading volume of 152,050 shares, compared to its average volume of 353,499. The company has a debt-to-equity ratio of 233.60, a current ratio of 0.86 and a quick ratio of 1.54. The company has a market cap of C$3.20 billion, a P/E ratio of 45.01, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. The company's 50 day simple moving average is C$29.11 and its two-hundred day simple moving average is C$29.17. Boralex has a 12 month low of C$24.40 and a 12 month high of C$36.68.

Insider Activity

In other news, Director Patrick Decostre sold 8,671 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$30.00, for a total value of C$260,130.00. Also, Director Ricky Fontaine acquired 1,000 shares of the stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of C$29.10 per share, with a total value of C$29,100.00. Corporate insiders own 0.16% of the company's stock.

Boralex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, February 28th. Boralex's dividend payout ratio (DPR) is 96.76%.

About Boralex

Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex's plants rely on wind power, while a significant number also employ hydroelectric power.