What is Scotiabank’s Estimate for TSE:INE FY2025 Earnings?

Innergex Renewable Energy Inc. (TSE:INE) – Equities researchers at Scotiabank dropped their FY2025 EPS estimates for Innergex Renewable Energy in a note issued to investors on Wednesday, January 8th. Scotiabank analyst R. Hope now expects that the company will post earnings of $0.05 per share for the year, down from their prior forecast of $0.08. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is $0.15 per share. Scotiabank also issued estimates for Innergex Renewable Energy’s FY2026 earnings at ($0.02) EPS.

Separately, CIBC lowered their price target on Innergex Renewable Energy from C$11.50 to C$11.00 in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$12.38.

Innergex Renewable Energy Stock Performance

Shares of INE stock opened at C$7.78 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.58 and a debt-to-equity ratio of 428.86. The company has a market cap of C$1.58 billion, a PE ratio of -11.97, a P/E/G ratio of 20.61 and a beta of 0.36. The company’s fifty day simple moving average is C$8.50 and its 200-day simple moving average is C$9.37. Innergex Renewable Energy has a 52 week low of C$7.05 and a 52 week high of C$10.96.

Innergex Renewable Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.09 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 4.63%. Innergex Renewable Energy’s dividend payout ratio is currently -55.38%.

About Innergex Renewable Energy

For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada’s best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world.