$0.13 EPS Expected for Algonquin Power & Utilities Corp. (AQN) This Quarter
Wall Street analysts expect Algonquin Power & Utilities Corp. (NYSE:AQN) to post $0.13 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Algonquin Power & Utilities’ earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.12. Algonquin Power & Utilities reported earnings of $0.14 per share during the same quarter last year, which would suggest a negative year over year growth rate of 7.1%. The business is scheduled to issue its next earnings results on Thursday, March 1st.
On average, analysts expect that Algonquin Power & Utilities will report full year earnings of $0.54 per share for the current financial year, with EPS estimates ranging from $0.53 to $0.56. For the next financial year, analysts forecast that the firm will report earnings of $0.58 per share, with EPS estimates ranging from $0.53 to $0.62. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Algonquin Power & Utilities.
Separately, Zacks Investment Research cut Algonquin Power & Utilities from a “buy” rating to a “sell” rating in a research note on Tuesday, October 17th.
Algonquin Power & Utilities (AQN) traded up $0.15 on Wednesday, reaching $11.21. 82,153 shares of the company were exchanged, compared to its average volume of 110,709. The firm has a market cap of $4,280.00, a P/E ratio of 28.03, a PEG ratio of 1.36 and a beta of 0.81. Algonquin Power & Utilities has a 12-month low of $8.33 and a 12-month high of $11.34. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.76 and a current ratio of 0.94.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a dividend of $0.1165 per share. This represents a $0.47 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Thursday, December 28th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is presently 117.50%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Neuberger Berman Group LLC acquired a new position in shares of Algonquin Power & Utilities during the third quarter valued at $111,000. Virtu KCG Holdings LLC increased its holdings in shares of Algonquin Power & Utilities by 7.4% during the second quarter. Virtu KCG Holdings LLC now owns 13,997 shares of the utilities provider’s stock valued at $147,000 after purchasing an additional 965 shares during the period. Alliancebernstein L.P. acquired a new position in shares of Algonquin Power & Utilities during the second quarter valued at $161,000. QCM Cayman Ltd. acquired a new position in shares of Algonquin Power & Utilities during the second quarter valued at $288,000. Finally, D.A. Davidson & CO. increased its holdings in shares of Algonquin Power & Utilities by 540.9% during the second quarter. D.A. Davidson & CO. now owns 33,969 shares of the utilities provider’s stock valued at $358,000 after purchasing an additional 28,669 shares during the period. 36.83% of the stock is currently owned by hedge funds and other institutional investors.
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Algonquin Power & Utilities Company Profile
Algonquin Power & Utilities Corp., through its subsidiaries, engages in the generation, transmission, and distribution of utility assets in North America. The company generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.
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