Q1 2024 Earnings Estimate for Northland Power Inc. Issued By Raymond James (TSE:NPI)

Northland Power Inc. (TSE:NPI) – Research analysts at Raymond James upped their Q1 2024 earnings per share (EPS) estimates for shares of Northland Power in a report issued on Thursday, April 25th. Raymond James analyst D. Quezada now expects that the solar energy provider will post earnings of $0.61 per share for the quarter, up from their previous estimate of $0.57. Raymond James currently has a “Outperform” rating and a $30.00 price target on the stock. The consensus estimate for Northland Power’s current full-year earnings is $1.18 per share. Raymond James also issued estimates for Northland Power’s Q4 2024 earnings at $0.34 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.53 EPS and FY2025 earnings at $1.55 EPS.

Several other research firms also recently issued reports on NPI. BMO Capital Markets decreased their price target on Northland Power from C$31.00 to C$30.00 and set an “outperform” rating for the company in a research note on Thursday, February 22nd. CIBC decreased their target price on Northland Power from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Finally, National Bankshares lifted their price target on shares of Northland Power from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$31.96.

Northland Power Trading Down 0.8 %

Northland Power stock opened at C$20.50 on Friday. Northland Power has a one year low of C$19.36 and a one year high of C$33.80. The company’s fifty day moving average price is C$22.47 and its two-hundred day moving average price is C$22.79. The company has a debt-to-equity ratio of 165.58, a current ratio of 1.13 and a quick ratio of 1.23. The company has a market capitalization of C$5.24 billion, a price-to-earnings ratio of -28.47, a PEG ratio of 0.71 and a beta of 0.45.

Northland Power (TSE:NPI) last announced its quarterly earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) EPS for the quarter, missing the consensus estimate of C$0.43 by C($0.92). Northland Power had a negative return on equity of 2.09% and a negative net margin of 7.85%. The business had revenue of C$626.22 million for the quarter, compared to analyst estimates of C$614.15 million.

Northland Power Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, April 29th. This represents a $1.20 annualized dividend and a dividend yield of 5.85%. Northland Power’s payout ratio is -166.67%.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.