What is Cormark’s Forecast for Northland Power Q3 Earnings?

Northland Power Inc. (TSE:NPI) – Stock analysts at Cormark issued their Q3 2024 EPS estimates for shares of Northland Power in a note issued to investors on Monday, October 21st. Cormark analyst N. Boychuk expects that the solar energy provider will earn $0.05 per share for the quarter. Cormark also issued estimates for Northland Power’s FY2024 earnings at $1.79 EPS.

Northland Power (TSE:NPI) last issued its earnings results on Wednesday, August 14th. The solar energy provider reported C$0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.17 by C$0.08. Northland Power had a net margin of 2.98% and a return on equity of 3.95%. The business had revenue of C$528.97 million during the quarter, compared to the consensus estimate of C$526.10 million.

Separately, National Bankshares increased their price target on shares of Northland Power from C$34.00 to C$35.00 in a report on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$30.14.

Northland Power Price Performance

The company has a market cap of C$5.63 billion, a PE ratio of 92.71, a P/E/G ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86. Northland Power has a fifty-two week low of C$19.36 and a fifty-two week high of C$25.36. The firm has a fifty day moving average of C$22.06 and a 200-day moving average of C$22.68.

Northland Power Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of ?. Northland Power’s dividend payout ratio (DPR) is 500.00%.

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.