OTCMKTS:INGXF Q4 EPS Decreased by National Bank Financial

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) – National Bank Financial decreased their Q4 2024 earnings estimates for shares of Innergex Renewable Energy in a report issued on Thursday, January 9th. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of ($0.01) for the quarter, down from their previous estimate of $0.03. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is ($0.07) per share. National Bank Financial also issued estimates for Innergex Renewable Energy’s FY2025 earnings at $0.08 EPS.

Innergex Renewable Energy Price Performance

OTCMKTS:INGXF opened at $5.73 on Monday. Innergex Renewable Energy has a 52-week low of $5.26 and a 52-week high of $7.90. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. The firm has a market cap of $1.16 billion, a P/E ratio of -11.69 and a beta of 0.65. The business’s 50-day moving average price is $5.96 and its 200 day moving average price is $6.70.

Innergex Renewable Energy (OTCMKTS:INGXF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $179.04 million for the quarter, compared to analyst estimates of $192.68 million. Innergex Renewable Energy had a negative net margin of 13.73% and a negative return on equity of 1.70%.

Innergex Renewable Energy Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st will be issued a $0.0649 dividend. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 4.6%. Innergex Renewable Energy’s payout ratio is currently -51.02%.

About Innergex Renewable Energy

Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.