Algonquin Power & Utilities Corp. (TSE:AQN) Expected to Earn FY2023 Earnings of $1.06 Per Share

Algonquin Power & Utilities Corp. (TSE:AQN – Get Rating) – Investment analysts at Raymond James decreased their FY2023 earnings estimates for shares of Algonquin Power & Utilities in a research note issued to investors on Thursday, April 28th. Raymond James analyst D. Quezada now anticipates that the company will earn $1.06 per share for the year, down from their prior forecast of $1.07.

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and issued a C$18.00 target price on shares of Algonquin Power & Utilities in a report on Tuesday, January 4th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Algonquin Power & Utilities currently has an average rating of “Buy” and a consensus target price of C$20.00.

AQN stock opened at C$18.96 on Friday. The company has a market cap of C$12.77 billion and a P/E ratio of 36.11. Algonquin Power & Utilities has a 1 year low of C$17.14 and a 1 year high of C$20.19. The company has a debt-to-equity ratio of 82.26, a current ratio of 0.69 and a quick ratio of 0.39. The stock’s fifty day moving average price is C$19.14 and its 200-day moving average price is C$18.32.

Algonquin Power & Utilities (TSE:AQN – Get Rating) last issued its earnings results on Thursday, March 3rd. The company reported C$0.27 EPS for the quarter, meeting the consensus estimate of C$0.27. The business had revenue of C$749.89 million for the quarter, compared to analysts’ expectations of C$761.72 million.

About Algonquin Power & Utilities (Get Rating)

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada, the United States, Chile, and Bermuda. It generates and sells electrical energy through renewable and clean energy power generation facilities.

Featured Stories