FY2025 Earnings Estimate for Algonquin Power & Utilities Corp. (TSE:AQN) Issued By National Bank Financial

Algonquin Power & Utilities Corp. (TSE:AQNFree Report) – Equities researchers at National Bank Financial lowered their FY2025 earnings per share (EPS) estimates for shares of Algonquin Power & Utilities in a report issued on Tuesday, May 28th. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of $0.65 for the year, down from their previous forecast of $0.72. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.65 per share.

Algonquin Power & Utilities (TSE:AQNGet Free Report) last posted its earnings results on Friday, March 8th. The company reported C$0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.03. The company had revenue of C$908.00 million during the quarter, compared to analysts’ expectations of C$1 billion. Algonquin Power & Utilities had a negative net margin of 12.44% and a negative return on equity of 5.84%.

Separately, Desjardins reduced their price target 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, April 30th.

Get Our Latest Stock Analysis on AQN

Algonquin Power & Utilities Price Performance

Algonquin Power & Utilities stock opened at C$8.57 on Thursday. Algonquin Power & Utilities has a twelve month low of C$6.75 and a twelve month high of C$11.69. The stock has a market cap of C$5.91 billion, a P/E ratio of -12.79, a P/E/G ratio of 1.07 and a beta of 0.47. The company’s 50-day moving average price is C$8.60 and its two-hundred day moving average price is C$8.36. The company has a quick ratio of 0.37, a current ratio of 0.98 and a debt-to-equity ratio of 141.91.

Algonquin Power & Utilities Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date is Friday, June 28th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is presently -89.55%.

Algonquin Power & Utilities Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Algonquin Power & Utilities (TSE:AQN)

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