Algonquin Power & Utilities Corp. (TSE:AQN – Free Report) – Investment analysts at Scotiabank reduced their FY2024 EPS estimates for Algonquin Power & Utilities in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst R. Hope now anticipates that the company will post earnings per share of $0.55 for the year, down from their prior forecast of $0.60. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.47 per share. Scotiabank also issued estimates for Algonquin Power & Utilities’ FY2025 earnings at $0.40 EPS and FY2026 earnings at $0.50 EPS.
Algonquin Power & Utilities Price Performance
Shares of Algonquin Power & Utilities stock opened at C$6.18 on Thursday. Algonquin Power & Utilities has a 52-week low of C$6.12 and a 52-week high of C$9.28. The stock has a market capitalization of C$4.74 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The company has a fifty day moving average of C$6.57 and a 200-day moving average of C$7.30. The company has a debt-to-equity ratio of 108.48, a quick ratio of 0.37 and a current ratio of 0.97.
Algonquin Power & Utilities Cuts Dividend
Insider Activity
In other news, Director Dilek Samil sold 17,400 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of C$6.46, for a total transaction of C$112,421.40. Also, Director David Levenson bought 62,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of C$6.45 per share, for a total transaction of C$399,900.00. 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.
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