Algonquin Power & Utilities (AQN) Set to Announce Earnings on Thursday

Algonquin Power & Utilities (TSE:AQN) is set to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of C$0.12 per share for the quarter.

Algonquin Power & Utilities (TSE:AQN) last announced its quarterly earnings results on Friday, August 9th. The company reported C$0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.01. The company had revenue of C$819.06 million for the quarter, compared to analysts’ expectations of C$851.84 million. Algonquin Power & Utilities had a net margin of 4.70% and a return on equity of 0.24%.

Algonquin Power & Utilities Stock Up 0.6 %

TSE:AQN opened at C$6.61 on Wednesday. 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 market cap of C$5.07 billion, a P/E ratio of 30.09, a P/E/G ratio of 1.07 and a beta of 0.52. Algonquin Power & Utilities has a fifty-two week low of C$6.53 and a fifty-two week high of C$9.28. The firm has a 50-day simple moving average of C$7.15 and a two-hundred day simple moving average of C$7.95.

Algonquin Power & Utilities Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 5.45%. The ex-dividend date was Friday, September 27th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is currently 163.64%.

Analyst Ratings Changes

Several research firms recently issued reports on AQN. Wells Fargo & Company cut Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 12th. Raymond James cut Algonquin Power & Utilities from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. Janney Montgomery Scott raised Algonquin Power & Utilities to a “hold” rating in a research report on Thursday, September 5th. Finally, National Bank Financial upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$6.25.

Algonquin Power & Utilities Company Profile

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.