Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Free Report) - Cormark dropped their FY2025 earnings estimates for Innergex Renewable Energy in a research report issued to clients and investors on Thursday, January 23rd. Cormark analyst N. Boychuk now expects that the company will post earnings of $0.13 per share for the year, down from their prior estimate of $0.16. The consensus estimate for Innergex Renewable Energy's current full-year earnings is ($0.08) per share.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. Innergex Renewable Energy had a negative return on equity of 1.70% and a negative net margin of 13.73%. The firm had revenue of $179.04 million for the quarter, compared to the consensus estimate of $192.68 million.
Innergex Renewable Energy Price Performance
INGXF stock traded up $0.13 during trading on Friday, reaching $5.32. 53,200 shares of the company were exchanged, compared to its average volume of 28,985. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -10.86 and a beta of 0.65. The company has a debt-to-equity ratio of 4.50, a current ratio of 0.56 and a quick ratio of 0.56. The company has a 50-day moving average of $5.84 and a two-hundred day moving average of $6.61. Innergex Renewable Energy has a twelve month low of $5.19 and a twelve month high of $7.90.
Innergex Renewable Energy Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were given a $0.0649 dividend. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, December 31st. Innergex Renewable Energy's dividend payout ratio (DPR) is presently -51.02%.
Innergex Renewable Energy Company Profile
(
Get Free Report)
Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.
See Also
Before you consider Innergex Renewable Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Innergex Renewable Energy wasn't on the list.
While Innergex Renewable Energy currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
