Boralex (TSE:BLX - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of C($0.16) per share for the quarter.
Boralex (TSE:BLX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$0.10 EPS for the quarter, topping analysts' consensus estimates of C$0.04 by C$0.06. Boralex had a return on equity of 6.69% and a net margin of 9.91%. The business had revenue of C$180.00 million during the quarter, compared to analysts' expectations of C$211.65 million.
Boralex Stock Performance
Shares of TSE BLX traded up C$0.75 during trading on Thursday, hitting C$33.17. The company had a trading volume of 237,105 shares, compared to its average volume of 256,950. The stock has a 50 day simple moving average of C$34.17 and a 200 day simple moving average of C$32.89. The firm has a market capitalization of C$3.41 billion, a P/E ratio of 34.86, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. The company has a debt-to-equity ratio of 175.24, a quick ratio of 1.54 and a current ratio of 0.95. Boralex has a 12 month low of C$26.25 and a 12 month high of C$36.68.
Boralex Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Friday, August 30th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Friday, August 30th. Boralex's payout ratio is 70.97%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on BLX shares. Royal Bank of Canada increased their price objective on shares of Boralex from C$36.00 to C$38.00 in a research note on Thursday, August 15th. Cibc World Mkts upgraded Boralex to a "strong-buy" rating in a research note on Monday, July 22nd. Raymond James boosted their price objective on Boralex from C$38.00 to C$41.00 in a research report on Thursday, August 15th. Cormark upped their price objective on Boralex from C$45.00 to C$47.00 in a research note on Thursday, August 15th. Finally, BMO Capital Markets lifted their target price on Boralex from C$39.00 to C$46.00 in a research note on Thursday, September 5th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$43.50.
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About Boralex
(
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Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe.
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