Boralex Inc. (TSE:BLX) to Post Q3 2022 Earnings of ($0.15) Per Share, National Bank Financial Forecasts

Boralex Inc. (TSE:BLX – Get Rating) – Equities researchers at National Bank Financial dropped their Q3 2022 EPS estimates for shares of Boralex in a note issued to investors on Sunday, April 10th. National Bank Financial analyst R. Merer now expects that the company will post earnings of ($0.15) per share for the quarter, down from their previous forecast of ($0.12). National Bank Financial also issued estimates for Boralex’s FY2022 earnings at $0.65 EPS.

Boralex (TSE:BLX – Get Rating) last announced its earnings results on Wednesday, February 23rd. The company reported C$0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.25 by C($0.08). The business had revenue of C$192.00 million during the quarter, compared to analyst estimates of C$197.95 million.

A number of other analysts have also issued reports on the company. National Bankshares boosted their price target on Boralex from C$44.00 to C$48.00 and gave the company an “outperform” rating in a report on Monday. Royal Bank of Canada upped their price target on Boralex from C$38.00 to C$41.00 and gave the stock a “sector perform” rating in a research report on Friday, February 25th. Cormark boosted their price objective on shares of Boralex from C$50.00 to C$55.00 and gave the company a “buy” rating in a report on Monday, February 28th. Credit Suisse Group raised shares of Boralex to an “outperform” rating in a report on Monday, January 24th. Finally, CIBC boosted their price target on Boralex from C$42.00 to C$45.00 and gave the company an “outperform” rating in a report on Wednesday, March 2nd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boralex currently has an average rating of “Buy” and a consensus price target of C$44.73.

Shares of TSE:BLX opened at C$39.12 on Wednesday. Boralex has a 1 year low of C$30.04 and a 1 year high of C$44.12. The business has a 50 day simple moving average of C$37.14 and a two-hundred day simple moving average of C$36.02. The firm has a market capitalization of C$4.01 billion and a PE ratio of 244.50. The company has a debt-to-equity ratio of 325.35, a current ratio of 1.17 and a quick ratio of 1.02.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Monday, February 28th were given a $0.165 dividend. The ex-dividend date was Friday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.69%. Boralex’s dividend payout ratio (DPR) is 412.50%.

Boralex Company Profile (Get Rating)

Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2021, the company had interests in 90 wind power stations with an installed capacity of 2,032 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; 12 solar power stations with an installed capacity of 244 MW; and one thermal power station with an installed capacity of 35 MW.

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