What is Scotiabank's Forecast for TSE:AQN FY2025 Earnings?

Algonquin Power & Utilities Corp. (TSE:AQN - Free Report) - Analysts at Scotiabank dropped their FY2025 earnings per share estimates for Algonquin Power & Utilities in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $0.37 for the year, down from their prior estimate of $0.40. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.47 per share. Scotiabank also issued estimates for Algonquin Power & Utilities' FY2026 earnings at $0.47 EPS.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last posted its quarterly earnings results on Friday, March 7th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.09 by C($0.03). Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%. During the same quarter in the previous year, the firm posted $0.16 earnings per share.

Algonquin Power & Utilities Stock Performance

AQN stock traded up C$0.03 during midday trading on Monday, reaching C$7.40. The stock had a trading volume of 1,600,555 shares, compared to its average volume of 2,448,447. The firm has a fifty day simple moving average of C$6.81 and a two-hundred day simple moving average of C$6.82. Algonquin Power & Utilities has a 52-week low of C$6.03 and a 52-week high of C$9.28. The company has a debt-to-equity ratio of 154.35, a quick ratio of 0.37 and a current ratio of 0.92. The stock has a market cap of C$4.01 billion, a PE ratio of -3.71, a P/E/G ratio of 1.07 and a beta of 0.52.

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Insider Activity

In other Algonquin Power & Utilities news, Director Randy David Laney purchased 9,795 shares of the stock in a transaction on Monday, March 10th. The shares were bought at an average cost of C$7.02 per share, with a total value of C$68,803.21. Corporate insiders own 0.06% of the company's stock.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.