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Raymond James Issues Optimistic Outlook for TSE:AQN Earnings

Algonquin Power & Utilities logo with Utilities background

Algonquin Power & Utilities Corp. (TSE:AQN - Free Report) - Stock analysts at Raymond James lifted their FY2025 earnings per share estimates for Algonquin Power & Utilities in a research note issued to investors on Thursday, January 30th. Raymond James analyst T. Genzebu now expects that the company will earn $0.48 per share for the year, up from their prior forecast of $0.47. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.47 per share.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.01). Algonquin Power & Utilities had a return on equity of 0.24% and a net margin of 4.70%. During the same period in the previous year, the business posted $0.15 earnings per share.

Algonquin Power & Utilities Stock Performance

Shares of AQN traded down C$0.08 during trading hours on Monday, hitting C$6.45. The stock had a trading volume of 2,066,920 shares, compared to its average volume of 2,233,005. The firm has a market capitalization of C$4.95 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 1.07 and a beta of 0.52. The company has a debt-to-equity ratio of 108.48, a quick ratio of 0.37 and a current ratio of 0.97. The firm has a 50-day moving average price of C$6.43 and a 200 day moving average price of C$7.07. Algonquin Power & Utilities has a fifty-two week low of C$6.03 and a fifty-two week high of C$9.28.

Insiders Place Their Bets

In other Algonquin Power & Utilities news, Director David Levenson bought 62,000 shares of Algonquin Power & Utilities stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of C$6.45 per share, with a total value of C$399,900.00. Also, Director Christopher Huskilson purchased 25,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average cost of C$6.65 per share, for a total transaction of C$166,252.50. Insiders own 0.06% of the company's stock.

Algonquin Power & Utilities Company Profile

(Get Free Report)

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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