FY2025 EPS Estimates for OTCMKTS:INGXF Lowered by Scotiabank

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) – Equities research analysts at Scotiabank dropped their FY2025 earnings per share estimates for Innergex Renewable Energy in a research note 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 prior forecast 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 OTCMKTS INGXF opened at $5.52 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -11.26 and a beta of 0.64. Innergex Renewable Energy has a twelve month low of $5.26 and a twelve month high of $7.90. The business has a 50 day simple moving average of $6.00 and a 200-day simple moving average of $6.74.

Innergex Renewable Energy (OTCMKTS:INGXF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $179.04 million during 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 company also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st will be given a $0.0649 dividend. The ex-dividend date is Tuesday, December 31st. This represents a yield of 4.6%. Innergex Renewable Energy’s dividend payout ratio is presently -53.06%.

Innergex Renewable Energy Company Profile

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.