Q1 2022 EPS Estimates for Boralex Inc. (TSE:BLX) Lowered by National Bank Financial

Boralex Inc. (TSE:BLXGet Rating) – Investment analysts at National Bank Financial dropped their Q1 2022 earnings per share estimates for Boralex in a report released on Sunday, April 10th. National Bank Financial analyst R. Merer now expects that the company will post earnings of $0.36 per share for the quarter, down from their previous forecast of $0.41. National Bank Financial also issued estimates for Boralex’s Q2 2022 earnings at $0.05 EPS and Q4 2022 earnings at $0.39 EPS.

Other equities analysts have also issued research reports about the stock. Tudor Pickering decreased their price target on shares of Boralex to C$37.00 and set a “hold” rating on the stock in a report on Thursday, February 3rd. CSFB raised shares of Boralex from a “neutral” rating to an “outperform” rating in a research note on Monday, January 24th. TD Securities upped their price objective on shares of Boralex from C$46.00 to C$50.00 and gave the company an “action list buy” rating in a research note on Wednesday, March 2nd. National Bankshares upped their price objective on shares of Boralex from C$44.00 to C$48.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Scotiabank cut their price objective on shares of Boralex from C$45.25 to C$42.75 in a research note on Thursday, February 24th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$44.73.

Shares of TSE:BLX opened at C$39.12 on Tuesday. The company’s fifty day moving average price is C$37.14 and its 200-day moving average price is C$36.02. The firm has a market capitalization of C$4.01 billion and a price-to-earnings ratio of 244.50. Boralex has a one year low of C$30.04 and a one year high of C$44.12. The company has a debt-to-equity ratio of 325.35, a current ratio of 1.17 and a quick ratio of 1.02.

Boralex (TSE:BLXGet Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The company reported C$0.17 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.25 by C($0.08). The firm had revenue of C$192.00 million for the quarter, compared to analysts’ expectations of C$197.95 million.

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

About Boralex (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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Earnings History and Estimates for Boralex (TSE:BLX)

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