Q4 EPS Estimate for Innergex Renewable Energy Cut by Analyst

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) – Investment analysts at National Bank Financial dropped their Q4 2024 earnings per share (EPS) estimates for Innergex Renewable Energy in a research report issued to clients and investors on Thursday, January 9th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings per share of ($0.01) for the quarter, down from their prior estimate of $0.03. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is ($0.07) per share. National Bank Financial also issued estimates for Innergex Renewable Energy’s FY2025 earnings at $0.08 EPS.

Innergex Renewable Energy (OTCMKTS:INGXF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Innergex Renewable Energy had a negative net margin of 13.73% and a negative return on equity of 1.70%. The firm had revenue of $179.04 million during the quarter, compared to analysts’ expectations of $192.68 million.

Innergex Renewable Energy Trading Down 7.0 %

INGXF opened at $5.33 on Monday. Innergex Renewable Energy has a 52-week low of $5.26 and a 52-week high of $7.90. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. The firm has a market capitalization of $1.08 billion, a P/E ratio of -10.88 and a beta of 0.65. The firm’s 50 day moving average is $5.94 and its 200-day moving average is $6.69.

Innergex Renewable Energy Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st will be issued a $0.0649 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a dividend yield of 4.6%. Innergex Renewable Energy’s dividend payout ratio (DPR) is -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.