What is Cormark's Forecast for Boralex FY2025 Earnings?

Boralex Inc. (TSE:BLX - Free Report) - Equities research analysts at Cormark reduced their FY2025 earnings estimates for Boralex in a research note issued on Thursday, May 15th. Cormark analyst N. Boychuk now expects that the company will earn $0.78 per share for the year, down from their previous estimate 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.

Other equities research analysts have also recently issued reports about the stock. Scotiabank decreased their target price on shares of Boralex from C$42.00 to C$36.00 and set a "sector perform" rating on the stock in a research report on Thursday, January 30th. National Bankshares decreased their price target on shares of Boralex from C$46.00 to C$43.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. Finally, Raymond James upgraded Boralex to a "moderate buy" rating in a report on Thursday. One analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$40.25.

Boralex Trading Up 0.6%

Shares of Boralex stock opened at C$29.77 on Monday. The business's fifty day moving average is C$29.41 and its two-hundred day moving average is C$28.89. The company has a quick ratio of 1.54, a current ratio of 0.86 and a debt-to-equity ratio of 233.60. 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 cap of C$3.10 billion, a PE ratio of 43.64, a P/E/G ratio of 2.01 and a beta of 0.46.

Insider Activity

In other Boralex news, Director Ricky Fontaine bought 1,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of C$29.10 per share, with a total value of C$29,100.00. Also, Director Patrick Decostre sold 8,671 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$30.00, for a total value of C$260,130.00. Insiders own 0.16% of the company's stock.

Boralex Dividend Announcement

The business also recently disclosed 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 dividend yield of 2.22%. The ex-dividend date was Friday, February 28th. Boralex's dividend payout ratio is presently 96.76%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.