Algonquin Power & Utilities (AQN) to Release Quarterly Earnings on Thursday


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Algonquin Power & Utilities (NYSE:AQN) is set to issue its quarterly earnings data after the market closes on Thursday, May 6th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Algonquin Power & Utilities (NYSE:AQN) last issued its quarterly earnings data on Thursday, March 4th. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $492.40 million for the quarter, compared to analysts’ expectations of $485.08 million. Algonquin Power & Utilities had a return on equity of 7.87% and a net margin of 27.73%. On average, analysts expect Algonquin Power & Utilities to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE:AQN opened at $15.96 on Wednesday. The company has a market capitalization of $9.55 billion, a PE ratio of 19.23, a P/E/G ratio of 2.86 and a beta of 0.39. The company has a current ratio of 1.20, a quick ratio of 1.02 and a debt-to-equity ratio of 0.79. Algonquin Power & Utilities has a twelve month low of $12.45 and a twelve month high of $17.86. The firm has a 50 day simple moving average of $16.08 and a 200-day simple moving average of $16.22.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st were given a dividend of $0.1551 per share. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $0.62 annualized dividend and a dividend yield of 3.89%. Algonquin Power & Utilities’s dividend payout ratio is presently 98.41%.

Several analysts have recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of Algonquin Power & Utilities in a research report on Tuesday, April 20th. They set a “neutral” rating and a $17.50 price objective for the company. Zacks Investment Research downgraded shares of Algonquin Power & Utilities from a “hold” rating to a “sell” rating in a research report on Tuesday, March 30th. National Bank Financial reduced their price target on shares of Algonquin Power & Utilities from $19.00 to $17.00 and set an “outperform” rating for the company in a research report on Monday, March 8th. Morgan Stanley reduced their price target on shares of Algonquin Power & Utilities from $17.00 to $16.50 and set an “equal weight” rating for the company in a research report on Monday, April 26th. Finally, Royal Bank of Canada reduced their price target on shares of Algonquin Power & Utilities from $20.00 to $18.00 and set an “outperform” rating for the company in a research report on Monday, March 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $16.55.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. operates as a diversified utility company. The firm engages in the ownership and operation of a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. It operates through the following segments: Regulated Services Group, and Renewable Energy Group.

See Also: Accumulation/Distribution

Earnings History for Algonquin Power & Utilities (NYSE:AQN)

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