Algonquin Power & Utilities Corp. (TSE:AQN - Free Report) - Equities researchers at National Bank Financial issued their Q1 2024 earnings per share estimates for shares of Algonquin Power & Utilities in a research report issued to clients and investors on Sunday, April 14th. National Bank Financial analyst R. Merer anticipates that the company will post earnings of $0.22 per share for the quarter. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.70 per share. National Bank Financial also issued estimates for Algonquin Power & Utilities' Q2 2024 earnings at $0.14 EPS, Q3 2024 earnings at $0.15 EPS, Q4 2024 earnings at $0.18 EPS, FY2024 earnings at $0.67 EPS and FY2025 earnings at $0.73 EPS.
Separately, Desjardins raised Algonquin Power & Utilities from a "sell" rating to a "hold" rating in a report on Monday, March 11th.
Check Out Our Latest Stock Report on AQN
Algonquin Power & Utilities Stock Performance
Shares of AQN stock traded down C$0.18 during trading on Tuesday, hitting C$7.84. The company's stock had a trading volume of 1,867,572 shares, compared to its average volume of 2,904,310. The company has a market cap of C$5.41 billion, a PE ratio of 196.00, a P/E/G ratio of 1.07 and a beta of 0.45. The company has a current ratio of 0.63, a quick ratio of 0.37 and a debt-to-equity ratio of 123.16. The business has a fifty day moving average of C$8.15 and a 200-day moving average of C$8.09. Algonquin Power & Utilities has a 52 week low of C$6.75 and a 52 week high of C$12.31.
Algonquin Power & Utilities (TSE:AQN - Get Free Report) last issued its quarterly earnings data on Friday, March 8th. The company reported C$0.22 EPS for the quarter, topping analysts' consensus estimates of C$0.19 by C$0.03. The firm had revenue of C$908.00 million during the quarter, compared to analyst estimates of C$1 billion. Algonquin Power & Utilities had a negative return on equity of 0.47% and a net margin of 1.06%.
Algonquin Power & Utilities Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.294 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.18 annualized dividend and a yield of 15.00%. Algonquin Power & Utilities's payout ratio is 1,475.00%.
Algonquin Power & Utilities Company Profile
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Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.
Further Reading
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