Innergex Renewable Energy (OTCMKTS:INGXF) Releases Quarterly Earnings Results, Beats Expectations By $0.22 EPS

Innergex Renewable Energy (OTCMKTS:INGXF) posted its quarterly earnings data on Thursday. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.22, Zacks reports. Innergex Renewable Energy had a negative net margin of 13.73% and a negative return on equity of 1.70%.

Innergex Renewable Energy Price Performance

Shares of Innergex Renewable Energy stock traded up $0.18 during midday trading on Thursday, reaching $5.39. The company had a trading volume of 120,398 shares, compared to its average volume of 49,977. 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 $1.09 billion, a price-to-earnings ratio of -11.00 and a beta of 0.65. The stock has a fifty day simple moving average of $5.43 and a 200 day simple moving average of $6.30. Innergex Renewable Energy has a 1-year low of $4.81 and a 1-year high of $7.90.

Innergex Renewable Energy Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were issued a $0.0649 dividend. This represents a dividend yield of 4.6%. The ex-dividend date was Tuesday, December 31st. Innergex Renewable Energy’s dividend payout ratio is currently -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.