Northland Power (NPI) Scheduled to Post Quarterly Earnings on Wednesday

Northland Power (TSE:NPI) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 15th. Analysts expect the company to announce earnings of C$0.54 per share for the quarter.

Northland Power (TSE:NPI) last posted its quarterly earnings data on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.92). The business had revenue of C$626.22 million during the quarter, compared to the consensus estimate of C$614.15 million. Northland Power had a negative net margin of 7.85% and a negative return on equity of 2.09%.

Northland Power Price Performance

NPI stock opened at C$21.55 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.13 and a debt-to-equity ratio of 165.58. Northland Power has a 52 week low of C$19.36 and a 52 week high of C$32.60. The company has a market cap of C$5.51 billion, a PE ratio of -29.93, a price-to-earnings-growth ratio of 0.71 and a beta of 0.45. The business has a 50-day simple moving average of C$22.18 and a 200 day simple moving average of C$22.75.

Northland Power Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.10 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.20 dividend on an annualized basis and a yield of 5.57%. Northland Power’s dividend payout ratio (DPR) is -166.67%.

Wall Street Analysts Forecast Growth

NPI has been the subject of several research reports. Desjardins dropped their price objective on shares of Northland Power from C$29.00 to C$27.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. CIBC dropped their target price on Northland Power from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. BMO Capital Markets reduced their price target on Northland Power from C$31.00 to C$30.00 and set an “outperform” rating on the stock in a report on Thursday, February 22nd. Raymond James cut shares of Northland Power from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from C$32.00 to C$30.00 in a research report on Thursday, April 25th. Finally, National Bankshares lifted their price target on shares of Northland Power from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$31.79.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.