National Bank Financial Research Analysts Lower Earnings Estimates for Boralex Inc. (TSE:BLX)

Boralex Inc. (TSE:BLX) – National Bank Financial dropped their Q3 2024 earnings per share estimates for shares of Boralex in a note issued to investors on Wednesday, October 9th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings of ($0.18) per share for the quarter, down from their prior estimate of ($0.15). The consensus estimate for Boralex’s current full-year earnings is $1.21 per share. National Bank Financial also issued estimates for Boralex’s FY2024 earnings at $1.02 EPS and FY2025 earnings at $1.04 EPS.

A number of other equities research analysts have also recently commented on the company. Desjardins increased their target price on Boralex from C$44.00 to C$46.00 and gave the stock a “top pick” rating in a research note on Friday, June 21st. National Bankshares lifted their target price on Boralex from C$43.00 to C$46.00 in a research note on Monday, July 8th. Cormark lifted their target price on Boralex from C$45.00 to C$47.00 in a report on Thursday, August 15th. CIBC lifted their target price on Boralex from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Finally, BMO Capital Markets boosted their price objective on Boralex from C$39.00 to C$46.00 in a report on Thursday, September 5th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$43.22.

Boralex Stock Performance

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 37.12, a PEG ratio of 0.94 and a beta of 0.45. The company’s fifty day moving average is C$34.00 and its 200 day moving average is C$32.20. Boralex has a 52 week low of C$25.40 and a 52 week high of C$36.68.

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

Boralex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Friday, August 30th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Friday, August 30th. Boralex’s dividend payout ratio 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.