Algonquin Power & Utilities Corp (TSE:AQN) Set to Announce Quarterly Earnings on Thursday
Algonquin Power & Utilities Corp (TSE:AQN) will announce its earnings results after the market closes on Thursday, August 10th. Analysts expect the company to announce earnings of $0.14 per share for the quarter.
Algonquin Power & Utilities Corp (TSE:AQN) opened at 13.28 on Tuesday. The company has a market cap of $5.11 billion and a P/E ratio of 68.10. Algonquin Power & Utilities Corp has a 52-week low of $10.47 and a 52-week high of $14.35. The stock’s 50 day moving average price is $13.53 and its 200-day moving average price is $12.85.
In related news, insider Jennifer Sara Tindale purchased 7,650 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were bought at an average price of C$13.70 per share, for a total transaction of C$104,805.00.
AQN has been the topic of several research analyst reports. TD Securities boosted their price objective on Algonquin Power & Utilities Corp from C$14.00 to C$15.00 and gave the company a “buy” rating in a report on Monday, May 15th. Wells Fargo & Company initiated coverage on Algonquin Power & Utilities Corp in a report on Tuesday, June 20th. They issued a “market perform” rating on the stock. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$14.16.
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About Algonquin Power & Utilities Corp
Algonquin Power & Utilities Corp., through its subsidiaries, engages in the generation, transmission, and distribution of utility assets in North America. The company generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.
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