Innergex Renewable Energy (TSE:INE - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Innergex Renewable Energy to post earnings of C$0.05 per share for the quarter.
Innergex Renewable Energy (TSE:INE - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported C($0.03) earnings per share for the quarter, missing analysts' consensus estimates of C($0.02) by C($0.01). Innergex Renewable Energy had a negative net margin of 11.96% and a negative return on equity of 9.27%. The firm had revenue of C$239.51 million for the quarter, compared to analyst estimates of C$256.60 million.
Innergex Renewable Energy Stock Up 0.7 %
INE stock traded up C$0.06 during trading on Wednesday, reaching C$9.15. The stock had a trading volume of 442,374 shares, compared to its average volume of 652,938. The company has a current ratio of 0.57, a quick ratio of 0.58 and a debt-to-equity ratio of 428.86. The firm has a fifty day moving average price of C$9.66 and a 200 day moving average price of C$9.51. The company has a market capitalization of C$1.86 billion, a P/E ratio of -14.08, a PEG ratio of 20.61 and a beta of 0.36. Innergex Renewable Energy has a 1-year low of C$7.05 and a 1-year high of C$10.96.
Innergex Renewable Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Friday, September 27th. Innergex Renewable Energy's dividend payout ratio (DPR) is -55.38%.
Analyst Ratings Changes
Several equities research analysts have issued reports on INE shares. TD Securities downgraded Innergex Renewable Energy from a "buy" rating to a "hold" rating and set a C$10.00 price objective on the stock. in a report on Friday, July 26th. Cormark lowered shares of Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a research note on Friday, August 9th. National Bankshares upped their price target on shares of Innergex Renewable Energy from C$16.00 to C$17.00 and gave the company an "outperform" rating in a report on Thursday, July 4th. Cibc World Mkts raised shares of Innergex Renewable Energy to a "hold" rating in a research report on Monday, July 22nd. Finally, BMO Capital Markets increased their target price on Innergex Renewable Energy from C$11.00 to C$11.50 in a report on Thursday, September 5th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Innergex Renewable Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of C$12.56.
Read Our Latest Analysis on Innergex Renewable Energy
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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