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

Innergex Renewable Energy (OTCMKTS:INGXF) posted its quarterly earnings data on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.22, Zacks reports. Innergex Renewable Energy had a net margin of 1.84% and a return on equity of 4.40%. The business had revenue of $204.46 million during the quarter, compared to the consensus estimate of $266.84 million.

Innergex Renewable Energy Stock Up 11.5 %

Innergex Renewable Energy stock opened at $6.01 on Friday. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 42.93 and a beta of 0.65. Innergex Renewable Energy has a 1-year low of $4.81 and a 1-year high of $7.90. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50. The firm has a 50 day simple moving average of $5.43 and a 200 day simple moving average of $6.29.

Innergex Renewable Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were paid a $0.0649 dividend. The ex-dividend date was Tuesday, December 31st. This represents a dividend yield of 4.6%. Innergex Renewable Energy’s payout ratio is 833.33%.

Innergex Renewable Energy Company Profile

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.