Brokers Issue Forecasts for Boralex's Q1 Earnings (TSE:BLX)

Boralex Inc. (TSE:BLX - Free Report) - Analysts at Cormark issued their Q1 2025 earnings estimates for shares of Boralex in a report issued on Monday, April 28th. Cormark analyst N. Boychuk expects that the company will post earnings per share of $0.59 for the quarter. The consensus estimate for Boralex's current full-year earnings is $1.34 per share. Cormark also issued estimates for Boralex's FY2025 earnings at $0.79 EPS.

A number of other equities research analysts also recently issued reports on the stock. National Bankshares cut their target price on shares of Boralex from C$46.00 to C$43.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. Raymond James cut their price objective on Boralex from C$41.00 to C$39.00 in a report on Monday, March 3rd. CIBC lowered their price target on Boralex from C$42.00 to C$40.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Finally, Scotiabank cut their target price on Boralex from C$42.00 to C$36.00 and set a "sector perform" rating on the stock in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$40.25.

Boralex Stock Up 0.2 %

Shares of BLX traded up C$0.06 during mid-day trading on Wednesday, reaching C$30.52. The company's stock had a trading volume of 67,206 shares, compared to its average volume of 352,462. The company has a market cap of C$3.18 billion, a price-to-earnings ratio of 44.74, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. Boralex has a 1 year low of C$24.40 and a 1 year high of C$36.68. 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 business has a fifty day moving average of C$29.11 and a 200 day moving average of C$29.17.

Boralex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.66 dividend on an annualized basis and a yield of 2.16%. Boralex's dividend payout ratio is currently 96.76%.

Insider Activity at Boralex

In related news, Director Ricky Fontaine purchased 1,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price 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 company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$30.00, for a total transaction of C$260,130.00. 0.16% of the stock is currently owned by company 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.