FY2025 Earnings Estimate for TSE:AQN Issued By Raymond James

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

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

Algonquin Power & Utilities Trading Down 1.7 %

Shares of AQN stock opened at C$6.42 on Monday. Algonquin Power & Utilities has a 12-month low of C$6.03 and a 12-month high of C$9.28. The company has a quick ratio of 0.37, a current ratio of 0.97 and a debt-to-equity ratio of 108.48. The company has a 50 day moving average of C$6.45 and a 200-day moving average of C$7.08. The firm has a market cap of C$4.92 billion, a P/E ratio of 29.18, a PEG ratio of 1.07 and a beta of 0.52.

Insider Activity at Algonquin Power & Utilities

In related news, Director Christopher Huskilson bought 25,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was acquired at an average price of C$6.65 per share, for a total transaction of C$166,252.50. Also, Director Dilek Samil sold 17,400 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of C$6.46, for a total value of C$112,421.40. 0.06% of the stock is currently owned by corporate insiders.

Algonquin Power & Utilities Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.088 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.35 annualized dividend and a dividend yield of 5.48%. Algonquin Power & Utilities’s payout ratio is 163.64%.

About Algonquin Power & Utilities

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.