Algonquin Power & Utilities (AQN) Scheduled to Post Earnings on Friday

Algonquin Power & Utilities (TSE:AQN) is scheduled to be releasing its earnings data before the market opens on Friday, May 10th. Analysts expect Algonquin Power & Utilities to post earnings of C$0.22 per share for the quarter.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings results on Friday, March 8th. The company reported C$0.22 EPS for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.03. Algonquin Power & Utilities had a net margin of 1.06% and a negative return on equity of 0.47%. The firm had revenue of C$908.00 million during the quarter, compared to analysts’ expectations of C$1 billion.

Algonquin Power & Utilities Price Performance

Shares of AQN stock opened at C$9.08 on Wednesday. The company has a debt-to-equity ratio of 123.16, a quick ratio of 0.37 and a current ratio of 0.63. The stock has a 50 day moving average price of C$8.33 and a 200 day moving average price of C$8.18. Algonquin Power & Utilities has a 52-week low of C$6.75 and a 52-week high of C$12.31. The firm has a market capitalization of C$6.26 billion, a P/E ratio of 227.00, a P/E/G ratio of 1.07 and a beta of 0.47.

Algonquin Power & Utilities Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.294 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 12.95%. Algonquin Power & Utilities’s payout ratio is 1,475.00%.

Analysts Set New Price Targets

Separately, Desjardins cut their price target on Algonquin Power & Utilities from C$5.75 to C$5.50 and set a “hold” rating on the stock in a report on Tuesday, April 30th.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.