Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Free Report) - Research analysts at Scotiabank reduced their FY2025 earnings per share estimates for shares of Innergex Renewable Energy in a report released on Wednesday, January 8th. Scotiabank analyst R. Hope now expects that the company will earn $0.03 per share for the year, down from their previous forecast of $0.06. The consensus estimate for Innergex Renewable Energy's current full-year earnings is ($0.07) per share. Scotiabank also issued estimates for Innergex Renewable Energy's FY2026 earnings at ($0.01) EPS.
Innergex Renewable Energy Stock Performance
Shares of Innergex Renewable Energy stock traded down $0.16 during mid-day trading on Friday, hitting $5.36. 25,798 shares of the stock were exchanged, compared to its average volume of 25,949. The company has a 50-day simple moving average of $6.00 and a 200 day simple moving average of $6.74. The company has a market capitalization of $1.09 billion, a P/E ratio of -10.93 and a beta of 0.64. Innergex Renewable Energy has a 12 month low of $5.26 and a 12 month high of $7.90. The company has a debt-to-equity ratio of 4.50, a quick ratio of 0.56 and a current ratio of 0.56.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $179.04 million for the quarter, compared to analysts' expectations of $192.68 million. Innergex Renewable Energy had a negative net margin of 13.73% and a negative return on equity of 1.70%.
Innergex Renewable Energy Cuts Dividend
The company also recently declared a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st will be given a dividend of $0.0649 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a dividend yield of 4.6%. Innergex Renewable Energy's dividend payout ratio (DPR) is currently -53.06%.
Innergex Renewable Energy Company Profile
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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.
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