Algonquin Power & Utilities (TSE:AQN) Announces Earnings Results

Algonquin Power & Utilities (TSE:AQN – Get Free Report) released its earnings results on Friday. The company reported C$0.16 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$914.68 million for the quarter. Algonquin Power & Utilities had a return on equity of 3.20% and a net margin of 5.86%.

Algonquin Power & Utilities Trading Down 1.0%

Algonquin Power & Utilities stock opened at C$7.80 on Friday. Algonquin Power & Utilities has a one year low of C$6.96 and a one year high of C$9.69. The company’s fifty day moving average price is C$7.47 and its two-hundred day moving average price is C$8.24. The company has a debt-to-equity ratio of 143.60, a current ratio of 0.88 and a quick ratio of 0.37. The company has a market capitalization of C$6.01 billion, a price-to-earnings ratio of 43.33, a PEG ratio of 1.07 and a beta of 1.12.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce decreased their target price on shares of Algonquin Power & Utilities from C$6.25 to C$6.00 in a research report on Tuesday, September 22nd. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Algonquin Power & Utilities presently has a consensus rating of “Buy” and a consensus price target of C$7.33.

View Our Latest Analysis on Algonquin Power & Utilities

About Algonquin Power & Utilities

(Get Free Report)

Algonquin Power & Utilities Corp., parent company of Liberty Utilities, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN’s common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively.

Further Reading

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

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