Q1 2024 EPS Estimates for Algonquin Power & Utilities Corp. Decreased by Analyst (TSE:AQN)

Algonquin Power & Utilities Corp. (TSE:AQN) – Stock analysts at Desjardins reduced their Q1 2024 earnings per share estimates for shares of Algonquin Power & Utilities in a report issued on Tuesday, April 30th. Desjardins analyst B. Stadler now anticipates that the company will post earnings per share of $0.19 for the quarter, down from their prior estimate of $0.24. Desjardins currently has a “Hold” rating and a $5.50 price target on the stock. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.70 per share. Desjardins also issued estimates for Algonquin Power & Utilities’ FY2024 earnings at $0.59 EPS.

Algonquin Power & Utilities Trading Down 0.8 %

Shares of TSE AQN opened at C$8.41 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.63 and a debt-to-equity ratio of 123.16. The business has a fifty day simple moving average of C$8.22 and a two-hundred day simple moving average of C$8.12. The firm has a market cap of C$5.80 billion, a PE ratio of 210.25, a price-to-earnings-growth ratio of 1.07 and a beta of 0.45. Algonquin Power & Utilities has a twelve month low of C$6.75 and a twelve month high of C$12.31.

Algonquin Power & Utilities (TSE:AQN) last issued its earnings results on Friday, March 8th. The company reported C$0.22 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.03. The business had revenue of C$908.00 million during the quarter, compared to analyst estimates of C$1 billion. Algonquin Power & Utilities had a negative return on equity of 0.47% and a net margin of 1.06%.

Algonquin Power & Utilities Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.294 dividend. This represents a $1.18 annualized dividend and a dividend yield of 13.98%. The ex-dividend date of this dividend was Wednesday, March 27th. Algonquin Power & Utilities’s payout ratio is 1,475.00%.

Algonquin Power & Utilities Company Profile

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.