Research Analysts Set Expectations for Northland Power Inc.'s Q1 2024 Earnings (TSE:NPI)

Northland Power Inc. (TSE:NPI - Free Report) - Investment analysts at Atb Cap Markets upped their Q1 2024 earnings per share estimates for shares of Northland Power in a research note issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the solar energy provider will post earnings per share of $0.54 for the quarter, up from their previous estimate of $0.52. The consensus estimate for Northland Power's current full-year earnings is $1.18 per share. Atb Cap Markets also issued estimates for Northland Power's FY2024 earnings at $1.27 EPS.

Other research analysts have also issued research reports about the company. National Bankshares raised their price objective on Northland Power from C$32.00 to C$34.00 and gave the company an "outperform" rating in a research report on Tuesday, January 9th. Raymond James lowered Northland Power from a "strong-buy" rating to an "outperform" rating and reduced their target price for the stock from C$32.00 to C$30.00 in a report on Thursday. CIBC reduced their target price on Northland Power from C$30.00 to C$29.00 and set an "outperform" rating for the company in a report on Friday, April 19th. Finally, BMO Capital Markets reduced their target price on Northland Power from C$31.00 to C$30.00 and set an "outperform" rating for the company in a report on Thursday, February 22nd. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$31.96.

Northland Power Stock Down 0.8 %

NPI stock traded down C$0.17 on Friday, reaching C$20.50. 1,489,474 shares of the company traded hands, compared to its average volume of 1,012,140. Northland Power has a one year low of C$19.36 and a one year high of C$33.80. The company has a debt-to-equity ratio of 165.58, a current ratio of 1.13 and a quick ratio of 1.23. The company has a market cap of C$5.24 billion, a P/E ratio of -28.47, a price-to-earnings-growth ratio of 0.71 and a beta of 0.45. The firm has a fifty day simple moving average of C$22.47 and a 200-day simple moving average of C$22.79.

Northland Power (TSE:NPI - Get Free Report) last announced its earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.43 by C($0.92). Northland Power had a negative return on equity of 2.09% and a negative net margin of 7.85%. The firm had revenue of C$626.22 million during the quarter, compared to the consensus estimate of C$614.15 million.

Northland Power Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.85%. Northland Power's dividend payout ratio (DPR) is currently -166.67%.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.