Scotiabank Has Bearish Forecast for TSE:AQN FY2027 Earnings

Algonquin Power & Utilities Corp. (TSE:AQN) – Equities research analysts at Scotiabank cut their FY2027 earnings per share (EPS) estimates for Algonquin Power & Utilities in a research report issued to clients and investors on Thursday, March 12th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $0.56 for the year, down from their previous estimate of $0.60. Scotiabank has a “Strong-Buy” rating on the stock. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.47 per share.

Algonquin Power & Utilities (TSE:AQN) last issued its quarterly earnings results on Friday, March 6th. The company reported C$0.08 earnings per share for the quarter. The business had revenue of C$829.86 million for the quarter. Algonquin Power & Utilities had a return on equity of 3.88% and a net margin of 7.42%.

AQN has been the topic of a number of other reports. National Bank Financial raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Raymond James Financial raised Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research report on Monday. Finally, TD Securities dropped their target price on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating on the stock in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$6.38.

Algonquin Power & Utilities Stock Performance

TSE:AQN traded up C$0.17 during trading hours on Friday, hitting C$8.75. 132,990 shares of the company were exchanged, compared to its average volume of 2,306,928. The company has a debt-to-equity ratio of 140.99, a current ratio of 1.00 and a quick ratio of 0.37. Algonquin Power & Utilities has a 52-week low of C$6.31 and a 52-week high of C$9.69. The stock has a market capitalization of C$6.72 billion, a price-to-earnings ratio of -291.67, a PEG ratio of 1.07 and a beta of 1.20. The company’s 50 day moving average price is C$8.96 and its 200-day moving average price is C$8.42.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada.