FY2025 EPS Estimates for OTCMKTS:INGXF Lowered by Scotiabank

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) – Research analysts at Scotiabank reduced their FY2025 EPS estimates for shares of Innergex Renewable Energy in a report issued on Wednesday, January 8th. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $0.03 per share for the year, down from their previous estimate of $0.06. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is ($0.07) per share. Scotiabank also issued estimates for Innergex Renewable Energy’s FY2026 earnings at ($0.01) EPS.

Innergex Renewable Energy Price Performance

Shares of INGXF opened at $5.36 on Friday. The company has a debt-to-equity ratio of 4.50, a current ratio of 0.56 and a quick ratio of 0.56. Innergex Renewable Energy has a 1-year low of $5.26 and a 1-year high of $7.90. The stock has a market cap of $1.09 billion, a PE ratio of -10.93 and a beta of 0.65. The firm has a 50-day simple moving average of $5.98 and a two-hundred day simple moving average of $6.73.

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

Innergex Renewable Energy Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st will be paid a dividend of $0.0649 per share. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, December 31st. Innergex Renewable Energy’s dividend payout ratio (DPR) is presently -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.