Boralex Inc. (TSE:BLX - Free Report) - Equities researchers at National Bank Financial dropped their Q4 2024 earnings per share (EPS) estimates for shares of Boralex in a report released on Wednesday, October 9th. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of $0.55 for the quarter, down from their prior forecast of $0.58. The consensus estimate for Boralex's current full-year earnings is $1.21 per share. National Bank Financial also issued estimates for Boralex's FY2026 earnings at $0.74 EPS.
Boralex (TSE:BLX - Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported C$0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.04 by C$0.06. The company had revenue of C$180.00 million during the quarter, compared to analyst estimates of C$211.65 million. Boralex had a return on equity of 6.69% and a net margin of 9.91%.
Other equities research analysts have also recently issued reports about the company. National Bankshares raised their target price on Boralex from C$43.00 to C$46.00 in a research report on Monday, July 8th. Cibc World Mkts upgraded Boralex to a "strong-buy" rating in a research report on Monday, July 22nd. BMO Capital Markets raised their target price on Boralex from C$39.00 to C$46.00 in a research report on Thursday, September 5th. CIBC raised their target price on Boralex from C$41.00 to C$42.00 and gave the company an "outperform" rating in a research report on Monday, July 22nd. Finally, Raymond James raised their target price on Boralex from C$38.00 to C$41.00 in a research report on Thursday, August 15th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Boralex presently has an average rating of "Buy" and an average price target of C$43.22.
View Our Latest Stock Report on Boralex
Boralex Stock Performance
The stock's fifty day moving average is C$33.97 and its 200-day moving average is C$32.16. The firm has a market cap of C$3.55 billion, a P/E ratio of 37.59, a P/E/G ratio of 0.94 and a beta of 0.45. The company has a debt-to-equity ratio of 175.24, a current ratio of 0.95 and a quick ratio of 1.54. Boralex has a 12-month low of C$25.40 and a 12-month high of C$36.68.
Boralex Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Friday, August 30th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of ∞. The ex-dividend date was Friday, August 30th. Boralex's payout ratio is 70.97%.
About Boralex
(
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Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe.
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