National Bank Financial Predicts Weaker Earnings for Boralex

Boralex Inc. (TSE:BLX - Free Report) - Analysts at National Bank Financial cut their Q1 2025 earnings per share estimates for shares of Boralex in a note issued to investors on Tuesday, April 8th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings per share of $0.41 for the quarter, down from their prior estimate of $0.46. The consensus estimate for Boralex's current full-year earnings is $1.34 per share. National Bank Financial also issued estimates for Boralex's Q4 2025 earnings at $0.49 EPS, FY2025 earnings at $0.81 EPS and FY2026 earnings at $0.82 EPS.

BLX has been the subject of several other reports. Raymond James dropped their price target on Boralex from C$41.00 to C$39.00 in a research report on Monday, March 3rd. CIBC dropped their target price on shares of Boralex from C$42.00 to C$40.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. National Bankshares decreased their price target on shares of Boralex from C$46.00 to C$43.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th. Scotiabank dropped their price objective on shares of Boralex from C$42.00 to C$36.00 and set a "sector perform" rating for the company in a research note on Thursday, January 30th. Finally, Cormark decreased their target price on shares of Boralex from C$47.00 to C$35.00 in a research note on Thursday, January 30th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$40.25.

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Boralex Price Performance

TSE BLX traded down C$0.27 on Thursday, hitting C$28.85. The company had a trading volume of 84,379 shares, compared to its average volume of 365,368. Boralex has a 12-month low of C$24.40 and a 12-month high of C$36.68. The company's fifty day moving average price is C$28.01 and its 200-day moving average price is C$29.78. The company has a debt-to-equity ratio of 233.60, a current ratio of 0.86 and a quick ratio of 1.54. The company has a market capitalization of C$3.00 billion, a PE ratio of 42.30, a PEG ratio of 2.01 and a beta of 0.46.

Boralex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were issued a $0.165 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.66 annualized dividend and a dividend yield of 2.29%. Boralex's dividend payout ratio is presently 96.76%.

Insiders Place Their Bets

In other news, Director Ricky Fontaine acquired 1,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of C$29.10 per share, with a total value of C$29,100.00. Also, Director Patrick Decostre sold 8,671 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$30.00, for a total transaction of C$260,130.00. Insiders own 0.16% of the company's stock.

Boralex Company Profile

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.