Innergex Renewable Energy Inc (TSE:INE) – Analysts at National Bank Financial lowered their FY2018 earnings estimates for shares of Innergex Renewable Energy in a report released on Tuesday. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of $0.44 for the year, down from their prior forecast of $0.46.

Innergex Renewable Energy (TSE:INE) last announced its earnings results on Thursday, November 9th. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.07). The company had revenue of C$108.23 million for the quarter, compared to analyst estimates of C$112.80 million. Innergex Renewable Energy had a return on equity of 5.45% and a net margin of 4.05%.

Several other brokerages also recently commented on INE. TD Securities raised their target price on shares of Innergex Renewable Energy from C$15.00 to C$15.50 and gave the stock a “hold” rating in a report on Tuesday, October 31st. Raymond James Financial raised their target price on shares of Innergex Renewable Energy from C$18.50 to C$19.00 and gave the stock an “outperform” rating in a report on Tuesday, December 19th. CIBC dropped their target price on shares of Innergex Renewable Energy from C$15.50 to C$15.00 in a report on Thursday, January 11th. Finally, BMO Capital Markets downgraded shares of Innergex Renewable Energy from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$19.00 to C$15.00 in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of C$16.10.

Shares of Innergex Renewable Energy (INE) traded up C$0.05 during mid-day trading on Thursday, reaching C$13.40. 145,212 shares of the company’s stock traded hands, compared to its average volume of 253,746. The firm has a market cap of $1,450.00, a P/E ratio of 53.40 and a beta of 0.22. Innergex Renewable Energy has a 52-week low of C$13.31 and a 52-week high of C$15.72.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.dailypolitical.com/2018/02/08/innergex-renewable-energy-inc-expected-to-post-fy2018-earnings-of-0-44-per-share-ine.html.

About Innergex Renewable Energy

Innergex Renewable Energy Inc is a Canada-based renewable power producer. The Company is a developer, owner and operator of renewable power-generating facilities with a focus on hydroelectric, wind power and solar photovoltaic (PV) projects. It operates through four segments: hydroelectric generation, wind power generation, solar power generation and site development.

Receive News & Ratings for Innergex Renewable Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innergex Renewable Energy and related companies with MarketBeat.com's FREE daily email newsletter.