Northland Power Inc. (TSE:NPI - Free Report) - Research analysts at Cormark issued their Q3 2024 earnings per share estimates for shares of Northland Power in a research note issued on Monday, October 21st. Cormark analyst N. Boychuk forecasts that the solar energy provider will post earnings of $0.05 per share for the quarter. Cormark also issued estimates for Northland Power's FY2024 earnings at $1.79 EPS.
Northland Power (TSE:NPI - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The solar energy provider reported C$0.25 EPS for the quarter, topping the consensus estimate of C$0.17 by C$0.08. The firm had revenue of C$528.97 million for the quarter, compared to analyst estimates of C$526.10 million. Northland Power had a return on equity of 3.95% and a net margin of 2.98%.
Separately, National Bankshares lifted their price objective on Northland Power from C$34.00 to C$35.00 in a report on Thursday, July 11th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$30.14.
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Northland Power Stock Down 0.2 %
NPI stock traded down C$0.05 during midday trading on Wednesday, hitting C$22.30. 63,531 shares of the company's stock were exchanged, compared to its average volume of 1,130,330. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53. Northland Power has a 12-month low of C$19.36 and a 12-month high of C$25.36. The firm has a 50 day moving average price of C$22.08 and a 200-day moving average price of C$22.68. The stock has a market capitalization of C$5.75 billion, a price-to-earnings ratio of 93.13, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47.
Northland Power Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 5.38%. Northland Power's payout ratio is currently 500.00%.
About Northland Power
(
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Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.
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