What is Raymond James’ Forecast for TSE:AQN FY2025 Earnings?

Algonquin Power & Utilities Corp. (TSE:AQN) – Equities research analysts at Raymond James increased their FY2025 EPS estimates for shares of Algonquin Power & Utilities in a report issued on Thursday, January 30th. Raymond James analyst T. Genzebu now forecasts that the company will post earnings of $0.48 per share for the year, up from their prior forecast of $0.47. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.47 per share.

Algonquin Power & Utilities Stock Performance

Shares of TSE AQN opened at C$6.42 on Monday. The stock has a market cap of C$4.92 billion, a price-to-earnings ratio of 29.18, a P/E/G ratio of 1.07 and a beta of 0.52. The stock’s 50-day moving average is C$6.45 and its 200 day moving average is C$7.08. The company has a current ratio of 0.97, a quick ratio of 0.37 and a debt-to-equity ratio of 108.48. Algonquin Power & Utilities has a 1-year low of C$6.03 and a 1-year high of C$9.28.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.10 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). Algonquin Power & Utilities had a net margin of 4.70% and a return on equity of 0.24%. During the same period in the previous year, the company posted $0.15 EPS.

Algonquin Power & Utilities Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.088 dividend. This represents a $0.35 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend was Tuesday, December 31st. Algonquin Power & Utilities’s dividend payout ratio is presently 163.64%.

Insider Activity

In other news, Director David Levenson purchased 62,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of C$6.45 per share, for a total transaction of C$399,900.00. Also, Director Dilek Samil sold 17,400 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$6.46, for a total transaction of C$112,421.40. Insiders own 0.06% of the company’s stock.

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.