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

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

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

Algonquin Power & Utilities Price Performance

Shares of TSE AQN opened at C$6.47 on Monday. Algonquin Power & Utilities has a twelve month low of C$6.03 and a twelve month high of C$9.28. The firm has a market cap of C$4.96 billion, a P/E ratio of 29.41, a PEG ratio of 1.07 and a beta of 0.52. The company has a 50 day moving average of C$6.46 and a 200 day moving average of C$7.10. The company has a quick ratio of 0.37, a current ratio of 0.97 and a debt-to-equity ratio of 108.48.

Algonquin Power & Utilities Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.088 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.35 dividend on an annualized basis and a yield of 5.44%. Algonquin Power & Utilities’s payout ratio is currently 163.64%.

Insider Buying and Selling

In related news, Director David Levenson bought 62,000 shares of the firm’s stock in a transaction 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. Also, Director Dilek Samil sold 17,400 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$6.46, for a total value of C$112,421.40. 0.06% of the stock is owned by company insiders.

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.