Algonquin Power & Utilities Corp. (TSE:AQN - Free Report) - Equities research analysts at National Bank Financial lifted their Q3 2024 earnings per share estimates for shares of Algonquin Power & Utilities in a report issued on Monday, July 8th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings of $0.14 per share for the quarter, up from their previous estimate of $0.12. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.65 per share. National Bank Financial also issued estimates for Algonquin Power & Utilities' Q4 2024 earnings at $0.18 EPS, FY2024 earnings at $0.63 EPS and FY2025 earnings at $0.70 EPS.
Separately, Desjardins decreased their price objective on Algonquin Power & Utilities from C$5.75 to C$5.50 and set a "hold" rating for the company in a report on Tuesday, April 30th.
View Our Latest Research Report on Algonquin Power & Utilities
Algonquin Power & Utilities Stock Up 2.3 %
AQN stock traded up C$0.19 during trading hours on Thursday, reaching C$8.53. 2,753,876 shares of the stock were exchanged, compared to its average volume of 2,617,034. The company has a market cap of C$5.88 billion, a price-to-earnings ratio of -12.73, a PEG ratio of 1.07 and a beta of 0.47. The firm's 50-day moving average is C$8.49 and its 200-day moving average is C$8.33. Algonquin Power & Utilities has a 12 month low of C$6.75 and a 12 month high of C$11.22. The company has a debt-to-equity ratio of 141.91, a current ratio of 0.98 and a quick ratio of 0.37.
Algonquin Power & Utilities (TSE:AQN - Get Free Report) last released its quarterly earnings results on Friday, May 10th. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.20 by C($0.01). Algonquin Power & Utilities had a negative net margin of 12.44% and a negative return on equity of 5.84%. The company had revenue of C$993.71 million during the quarter, compared to analyst estimates of C$1.11 billion.
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 paid a dividend of $0.15 per share. The ex-dividend date is Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.03%. Algonquin Power & Utilities's dividend payout ratio is -89.55%.
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.
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