Algonquin Power & Utilities (TSE:AQN – Get Free Report) released its quarterly earnings results on Friday. The company reported C$0.06 earnings per share (EPS) for the quarter, FiscalAI reports. Algonquin Power & Utilities had a return on equity of 3.63% and a net margin of 6.71%.The business had revenue of C$772.76 million during the quarter.
Algonquin Power & Utilities Price Performance
TSE AQN traded down C$0.07 during trading hours on Friday, hitting C$7.99. The company had a trading volume of 4,166,613 shares, compared to its average volume of 2,418,009. The company has a debt-to-equity ratio of 143.58, a quick ratio of 0.37 and a current ratio of 1.05. The firm has a market capitalization of C$6.15 billion, a price-to-earnings ratio of 38.05, a PEG ratio of 1.07 and a beta of 1.45. Algonquin Power & Utilities has a 52 week low of C$7.26 and a 52 week high of C$9.69. The firm has a 50 day simple moving average of C$8.25 and a 200 day simple moving average of C$8.56.
Wall Street Analysts Forecast Growth
Separately, Wells Fargo & Company upgraded shares of Algonquin Power & Utilities to a “hold” rating in a research note on Monday, May 11th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$8.00.
About Algonquin Power & Utilities
Algonquin Power & Utilities Corp., parent company of Liberty Utilities, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN’s common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively.
See Also
- Five stocks we like better than Algonquin Power & Utilities
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Receive News & Ratings for Algonquin Power & Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities and related companies with MarketBeat.com's FREE daily email newsletter.
