National Bank Financial Forecasts Boralex Q1 Earnings

Boralex Inc. (TSE:BLX - Free Report) - Stock analysts at National Bank Financial issued their Q1 2025 earnings per share (EPS) estimates for Boralex in a research report issued on Monday, March 3rd. National Bank Financial analyst R. Merer anticipates that the company will post earnings per share of $0.46 for the quarter. The consensus estimate for Boralex's current full-year earnings is $1.34 per share. National Bank Financial also issued estimates for Boralex's Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at ($0.20) EPS, FY2025 earnings at $0.80 EPS and FY2026 earnings at $0.79 EPS.

Several other research analysts have also weighed in on the stock. National Bankshares lowered their target price on shares of Boralex from C$46.00 to C$43.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. Scotiabank lowered their price target on Boralex from C$42.00 to C$36.00 and set a "sector perform" rating on the stock in a report on Thursday, January 30th. Raymond James reduced their price objective on Boralex from C$41.00 to C$39.00 in a report on Monday, March 3rd. Cormark cut their target price on shares of Boralex from C$47.00 to C$35.00 in a research report on Thursday, January 30th. Finally, BMO Capital Markets lowered their target price on Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Boralex presently has a consensus rating of "Buy" and a consensus price target of C$40.25.

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Boralex Price Performance

Shares of TSE:BLX traded down C$0.37 on Thursday, reaching C$29.23. 408,470 shares of the company were exchanged, compared to its average volume of 365,286. The company has a current ratio of 0.86, a quick ratio of 1.54 and a debt-to-equity ratio of 233.60. Boralex has a 1-year low of C$24.40 and a 1-year high of C$36.68. The company has a 50-day moving average of C$27.00 and a 200-day moving average of C$30.68. The firm has a market cap of C$3.04 billion, a price-to-earnings ratio of 42.85, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46.

Boralex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be given a dividend of $0.165 per share. The ex-dividend date is Friday, February 28th. This represents a $0.66 annualized dividend and a yield of 2.26%. Boralex's dividend payout ratio (DPR) is presently 96.76%.

Insider Buying and Selling

In other news, Director Ricky Fontaine bought 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of C$29.10 per share, with a total value of C$29,100.00. Corporate insiders own 0.16% of the company's stock.

About Boralex

Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex's plants rely on wind power, while a significant number also employ hydroelectric power.