Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Free Report) - Equities research analysts at Scotiabank upped their FY2024 earnings per share (EPS) estimates for Innergex Renewable Energy in a note issued to investors on Wednesday, January 8th. Scotiabank analyst R. Hope now anticipates that the company will earn ($0.10) per share for the year, up from their previous estimate of ($0.11). The consensus estimate for Innergex Renewable Energy's current full-year earnings is ($0.07) per share.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.03 EPS 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 Stock Performance
Innergex Renewable Energy stock traded down $0.16 on Monday, reaching $5.36. 25,798 shares of the stock were exchanged, compared to its average volume of 25,949. The stock has a market cap of $1.09 billion, a PE ratio of -10.93 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. Innergex Renewable Energy has a twelve month low of $5.26 and a twelve month high of $7.90. The firm has a fifty day moving average price of $5.98 and a two-hundred day moving average price of $6.71.
Innergex Renewable Energy Cuts Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st will be given a $0.0649 dividend. This represents a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, December 31st. Innergex Renewable Energy's dividend payout ratio (DPR) is presently -51.02%.
About Innergex Renewable Energy
(
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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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