Algonquin Power & Utilities (TSE:AQN) Announces Earnings Results

Algonquin Power & Utilities (TSE:AQN) posted its quarterly earnings results on Friday. The company reported C$0.18 EPS for the quarter, FiscalAI reports. The business had revenue of C$1.10 billion for the quarter. Algonquin Power & Utilities had a return on equity of 3.63% and a net margin of 6.71%.

Algonquin Power & Utilities Trading Down 2.6%

Shares of Algonquin Power & Utilities stock opened at C$8.34 on Friday. The firm has a market cap of C$6.41 billion, a price-to-earnings ratio of 37.91, a PEG ratio of 1.07 and a beta of 1.32. The business has a 50-day moving average price of C$8.75 and a 200-day moving average price of C$8.64. The company has a quick ratio of 0.37, a current ratio of 1.05 and a debt-to-equity ratio of 143.58. Algonquin Power & Utilities has a twelve month low of C$7.26 and a twelve month high of C$9.69.

Analyst Ratings Changes

A number of equities research analysts have commented on AQN shares. Barclays set a C$10.00 price target on Algonquin Power & Utilities and gave the company an “overweight” rating in a report on Wednesday, April 1st. Raymond James Financial raised Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a report on Monday, March 9th. Finally, TD Securities decreased their price target on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating on the stock in a report on Monday, March 9th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Algonquin Power & Utilities presently has an average rating of “Buy” and an average price target of C$7.58.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada.