Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Free Report) - Equities researchers at National Bank Financial decreased their Q4 2024 earnings per share (EPS) estimates for shares of Innergex Renewable Energy in a report released on Thursday, January 9th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings per share of ($0.01) for the quarter, down from their previous estimate of $0.03. The consensus estimate for Innergex Renewable Energy's current full-year earnings is ($0.07) per share. National Bank Financial also issued estimates for Innergex Renewable Energy's FY2025 earnings at $0.08 EPS.
Innergex Renewable Energy Price Performance
Shares of INGXF traded up $0.37 during trading hours on Monday, reaching $5.73. 26,480 shares of the company's stock traded hands, compared to its average volume of 26,036. The stock has a market cap of $1.16 billion, a PE ratio of -11.69 and a beta of 0.65. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50. The firm's 50 day simple moving average is $5.98 and its 200-day simple moving average is $6.71. Innergex Renewable Energy has a 12 month low of $5.26 and a 12 month high of $7.90.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $179.04 million during the quarter, compared to the consensus estimate of $192.68 million. Innergex Renewable Energy had a negative return on equity of 1.70% and a negative net margin of 13.73%.
Innergex Renewable Energy Cuts Dividend
The business also recently declared a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st will be paid a $0.0649 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 4.6%. Innergex Renewable Energy's dividend payout ratio (DPR) is currently -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.
Featured Stories
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
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
