Algonquin Power & Utilities (TSE:AQN - Get Free Report) will issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of C$0.12 per share for the quarter.
Algonquin Power & Utilities (TSE:AQN - Get Free Report) last released its quarterly earnings results on Friday, August 9th. The company reported C$0.12 EPS for the quarter, beating the consensus estimate of C$0.11 by C$0.01. Algonquin Power & Utilities had a net margin of 4.70% and a return on equity of 0.24%. The firm had revenue of C$819.06 million during the quarter, compared to the consensus estimate of C$851.84 million.
Algonquin Power & Utilities Stock Performance
TSE AQN traded down C$0.03 during trading on Thursday, reaching C$6.73. The company's stock had a trading volume of 2,841,019 shares, compared to its average volume of 2,788,310. Algonquin Power & Utilities has a twelve month low of C$6.67 and a twelve month high of C$9.28. The firm has a market cap of C$5.16 billion, a price-to-earnings ratio of 30.59, a P/E/G ratio of 1.07 and a beta of 0.52. The business's fifty day moving average price is C$7.18 and its 200-day moving average price is C$7.99. The company has a debt-to-equity ratio of 108.48, a quick ratio of 0.37 and a current ratio of 0.97.
Algonquin Power & Utilities Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend was Friday, September 27th. Algonquin Power & Utilities's dividend payout ratio (DPR) is presently 163.64%.
Analysts Set New Price Targets
Several research analysts have issued reports on AQN shares. National Bank Financial upgraded Algonquin Power & Utilities from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 12th. Janney Montgomery Scott raised shares of Algonquin Power & Utilities to a "hold" rating in a report on Thursday, September 5th. Wells Fargo & Company cut shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a report on Monday, August 12th. Finally, Raymond James cut Algonquin Power & Utilities from a "moderate buy" rating to a "hold" rating in a report on Monday, August 12th. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Algonquin Power & Utilities presently has a consensus rating of "Hold" and an average target price of C$6.25.
View Our Latest Stock Analysis on AQN
About Algonquin Power & Utilities
(
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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.
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