Innergex Renewable Energy (OTCMKTS:INGXF) Posts Quarterly Earnings Results, Beats Expectations By $0.22 EPS

Innergex Renewable Energy (OTCMKTS:INGXF) announced its earnings results on Thursday. The company reported $0.21 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.22, Zacks reports. Innergex Renewable Energy had a negative net margin of 13.73% and a negative return on equity of 1.70%.

Innergex Renewable Energy Stock Up 3.5 %

Shares of INGXF stock traded up $0.18 on Thursday, hitting $5.39. The stock had a trading volume of 120,398 shares, compared to its average volume of 49,977. The business has a 50 day moving average of $5.43 and a 200 day moving average of $6.30. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -11.00 and a beta of 0.65. The company has a debt-to-equity ratio of 4.50, a current ratio of 0.56 and a quick ratio of 0.56. Innergex Renewable Energy has a 12-month low of $4.81 and a 12-month high of $7.90.

Innergex Renewable Energy Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were issued a $0.0649 dividend. The ex-dividend date was Tuesday, December 31st. This represents a dividend yield of 4.6%. Innergex Renewable Energy’s dividend payout ratio is currently -51.02%.

About Innergex Renewable Energy

Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.