Scotiabank Has Positive Estimate for TSE:AQN FY2027 Earnings

Key Points

• Scotiabank raised its FY2027 EPS estimate for Algonquin Power & Utilities to C$0.58 from C$0.56, above the current full-year consensus estimate of C$0.47.
• Algonquin reported quarterly EPS of C$0.06 on revenue of C$772.76 million, with a 5.86% net margin and 3.20% return on equity.
• Analyst sentiment remains positive, with an average “Buy” rating and a consensus price target of C$8.00; shares recently opened at C$8.04.

Algonquin Power & Utilities Corp. (TSE:AQN - Free Report) - Equities research analysts at Scotiabank upped their FY2027 earnings per share (EPS) estimates for Algonquin Power & Utilities in a note issued to investors on Wednesday, August 19th. Scotiabank analyst R. Hope now anticipates that the company will earn $0.58 per share for the year, up from their previous estimate of $0.56. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.47 per share.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last announced its earnings results on Friday, August 7th. The company reported C$0.06 earnings per share (EPS) for the quarter. Algonquin Power & Utilities had a net margin of 5.86% and a return on equity of 3.20%. The company had revenue of C$772.76 million for the quarter.

Separately, Wells Fargo & Company raised shares of Algonquin Power & Utilities to a "hold" rating in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of C$8.00.

Algonquin Power & Utilities Price Performance

Shares of AQN opened at C$8.04 on Friday. The business's 50-day moving average is C$8.22 and its 200-day moving average is C$8.50. The company has a debt-to-equity ratio of 143.60, a current ratio of 0.88 and a quick ratio of 0.37. The company has a market capitalization of C$6.19 billion, a price-to-earnings ratio of 44.67, a P/E/G ratio of 1.07 and a beta of 1.45. Algonquin Power & Utilities has a fifty-two week low of C$7.26 and a fifty-two week high of C$9.69.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp., parent company of Liberty Utilities, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively.

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