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Innergex Renewable Energy (INE) to Release Quarterly Earnings on Wednesday

Innergex Renewable Energy logo with Utilities background

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

(Get Free Report)

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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Earnings History for Innergex Renewable Energy (TSE:INE)

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