What is Cormark's Estimate for Boralex FY2025 Earnings?

Boralex Inc. (TSE:BLX - Free Report) - Research analysts at Cormark dropped their FY2025 earnings per share (EPS) estimates for Boralex in a report issued on Thursday, May 15th. Cormark analyst N. Boychuk now anticipates that the company will post earnings of $0.78 per share for the year, down from their prior forecast of $0.79. The consensus estimate for Boralex's current full-year earnings is $1.34 per share. Cormark also issued estimates for Boralex's FY2026 earnings at $1.30 EPS.

BLX has been the subject of a number of other reports. Raymond James raised Boralex to a "moderate buy" rating in a report on Thursday, May 15th. Scotiabank decreased their price objective on Boralex from C$42.00 to C$36.00 and set a "sector perform" rating for the company in a report on Thursday, January 30th. National Bankshares decreased their price objective on Boralex from C$43.00 to C$42.00 and set an "outperform" rating for the company in a report on Thursday. Finally, BMO Capital Markets decreased their price objective on Boralex from C$42.00 to C$39.00 in a report on Thursday. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$39.38.

Boralex Stock Performance

BLX stock traded up C$0.68 during midday trading on Monday, reaching C$30.73. The company had a trading volume of 458,867 shares, compared to its average volume of 347,237. The company has a quick ratio of 1.54, a current ratio of 0.86 and a debt-to-equity ratio of 233.60. The stock has a 50 day moving average price of C$29.52 and a 200 day moving average price of C$28.84. Boralex has a fifty-two week low of C$24.40 and a fifty-two week high of C$36.68. The firm has a market capitalization of C$3.20 billion, a PE ratio of 45.05, a P/E/G ratio of 2.01 and a beta of 0.46.

Boralex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, February 28th. Boralex's payout ratio is currently 96.76%.

Insider Buying and Selling at Boralex

In other Boralex news, Director Patrick Decostre sold 8,671 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$30.00, for a total transaction of C$260,130.00. Also, Director Ricky Fontaine purchased 1,000 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of C$29.10 per share, with a total value of C$29,100.00. 0.16% of the stock is currently owned by corporate insiders.

Boralex Company Profile

Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex's plants rely on wind power, while a significant number also employ hydroelectric power.