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

Algonquin Power & Utilities Corp. (TSE:AQNGet 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:AQNGet 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.

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