Algonquin Power & Utilities Corp. (TSE:AQN - Free Report) - Investment analysts at Desjardins decreased their Q2 2024 earnings per share estimates for shares of Algonquin Power & Utilities in a research note issued to investors on Monday, May 13th. Desjardins analyst B. Stadler now anticipates that the company will post earnings of $0.10 per share for the quarter, down from their previous estimate of $0.12. Desjardins has a "Hold" rating and a $5.50 price objective on the stock. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.69 per share. Desjardins also issued estimates for Algonquin Power & Utilities' Q4 2024 earnings at $0.15 EPS, FY2024 earnings at $0.55 EPS and FY2025 earnings at $0.57 EPS.
Algonquin Power & Utilities (TSE:AQN - Get Free Report) last issued its earnings results on Friday, March 8th. The company reported C$0.22 earnings per share for the quarter, topping the consensus estimate of C$0.19 by C$0.03. Algonquin Power & Utilities had a negative return on equity of 0.47% and a net margin of 1.06%. The business had revenue of C$908.00 million for the quarter, compared to analysts' expectations of C$1 billion.
Algonquin Power & Utilities Trading Up 2.3 %
TSE AQN traded up C$0.20 on Wednesday, reaching C$9.06. 2,913,996 shares of the company were exchanged, compared to its average volume of 2,702,783. 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's fifty day moving average price is C$8.44 and its 200 day moving average price is C$8.25. The stock has a market capitalization of C$6.25 billion, a P/E ratio of 226.50, a price-to-earnings-growth ratio of 1.07 and a beta of 0.47. Algonquin Power & Utilities has a fifty-two week low of C$6.75 and a fifty-two week high of C$11.72.
Algonquin Power & Utilities Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.62%. Algonquin Power & Utilities's payout ratio is currently 1,475.00%.
About Algonquin Power & Utilities
(
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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.
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