Innergex Renewable Energy (INE) Set to Announce Quarterly Earnings on Wednesday

Innergex Renewable Energy (TSE:INEGet Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.05 per share for the quarter.

Innergex Renewable Energy (TSE:INEGet Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C($0.03) EPS for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.01). The company had revenue of C$239.51 million during the quarter, compared to analysts’ expectations of C$256.60 million. Innergex Renewable Energy had a negative return on equity of 9.27% and a negative net margin of 11.96%.

Innergex Renewable Energy Stock Performance

TSE:INE opened at C$8.97 on Tuesday. The company has a debt-to-equity ratio of 428.86, a quick ratio of 0.58 and a current ratio of 0.57. Innergex Renewable Energy has a fifty-two week low of C$7.05 and a fifty-two week high of C$10.96. The business has a 50 day moving average price of C$9.65 and a 200-day moving average price of C$9.55. The firm has a market cap of C$1.82 billion, a PE ratio of -13.94, a price-to-earnings-growth ratio of 20.61 and a beta of 0.36.

Innergex Renewable Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 annualized dividend and a dividend yield of 4.01%. Innergex Renewable Energy’s payout ratio is presently -55.38%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on INE shares. BMO Capital Markets boosted their target price on Innergex Renewable Energy from C$11.00 to C$11.50 in a research note on Thursday, September 5th. CIBC increased their price target on shares of Innergex Renewable Energy from C$11.00 to C$11.50 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Cibc World Mkts raised Innergex Renewable Energy to a “hold” rating in a research report on Monday, July 22nd. TD Securities lowered Innergex Renewable Energy from a “buy” rating to a “hold” rating and set a C$10.00 target price for the company. in a research report on Friday, July 26th. Finally, Cormark lowered Innergex Renewable Energy from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 9th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$12.56.

View Our Latest Report on INE

Innergex Renewable Energy Company Profile

(Get Free Report)

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.

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Earnings History for Innergex Renewable Energy (TSE:INE)

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