Algonquin Power & Utilities (AQN) Scheduled to Post Earnings on Friday

Algonquin Power & Utilities (TSE:AQN - Get Free Report) is set to announce its earnings results before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of C$0.22 per share for the quarter.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last announced its quarterly earnings data on Friday, March 8th. The company reported C$0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.19 by C$0.03. The company had revenue of C$908.00 million for the quarter, compared to analysts' expectations 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 Stock Up 0.4 %

Algonquin Power & Utilities stock traded up C$0.04 during mid-day trading on Friday, reaching C$8.94. 2,074,736 shares of the company were exchanged, compared to its average volume of 2,721,964. The business has a fifty day moving average of C$8.26 and a 200 day moving average of C$8.13. The company has a debt-to-equity ratio of 123.16, a quick ratio of 0.37 and a current ratio of 0.63. The firm has a market cap of C$6.16 billion, a P/E ratio of 222.50, a PEG ratio of 1.07 and a beta of 0.45. Algonquin Power & Utilities has a 12-month low of C$6.75 and a 12-month high of C$12.31.

Algonquin Power & Utilities Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.294 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 13.15%. Algonquin Power & Utilities's payout ratio is 1,475.00%.

Wall Street Analysts Forecast Growth

Separately, Desjardins reduced 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 research note on Tuesday.

Algonquin Power & Utilities Company Profile

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.