Brokers Issue Forecasts for Boralex Inc.’s Q4 2024 Earnings (TSE:BLX)

Boralex Inc. (TSE:BLX) – Stock analysts at National Bank Financial reduced their Q4 2024 earnings per share estimates for shares of Boralex in a report issued on Wednesday, October 9th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings of $0.55 per share for the quarter, down from their previous estimate of $0.58. The consensus estimate for Boralex’s current full-year earnings is $1.21 per share. National Bank Financial also issued estimates for Boralex’s FY2026 earnings at $0.74 EPS.

Boralex (TSE:BLX) last released its quarterly earnings results on Wednesday, August 14th. The company reported C$0.10 EPS for the quarter, beating the consensus estimate of C$0.04 by C$0.06. The firm had revenue of C$180.00 million during the quarter, compared to the consensus estimate of C$211.65 million. Boralex had a net margin of 9.91% and a return on equity of 6.69%.

A number of other research analysts have also issued reports on BLX. CIBC boosted their target price on Boralex from C$41.00 to C$42.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Cormark raised their target price on shares of Boralex from C$45.00 to C$47.00 in a research note on Thursday, August 15th. Raymond James boosted their price target on shares of Boralex from C$38.00 to C$41.00 in a research note on Thursday, August 15th. BMO Capital Markets raised their price objective on shares of Boralex from C$39.00 to C$46.00 in a research report on Thursday, September 5th. Finally, Desjardins boosted their target price on Boralex from C$44.00 to C$46.00 and gave the stock a “top pick” rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$43.22.

Boralex Price Performance

The business’s 50-day moving average is C$33.97 and its 200-day moving average is C$32.16. The company has a debt-to-equity ratio of 175.24, a quick ratio of 1.54 and a current ratio of 0.95. The stock has a market capitalization of C$3.55 billion, a price-to-earnings ratio of 37.59, a P/E/G ratio of 0.94 and a beta of 0.45. Boralex has a twelve month low of C$25.40 and a twelve month high of C$36.68.

Boralex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Friday, August 30th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of ∞. The ex-dividend date was Friday, August 30th. Boralex’s dividend payout ratio (DPR) is presently 70.97%.

About Boralex

Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe.