Boralex Inc. (TSE:BLX – Get Rating) – Equities researchers at Raymond James raised their Q2 2022 EPS estimates for Boralex in a report released on Wednesday, May 11th. Raymond James analyst D. Quezada now anticipates that the company will post earnings of $0.00 per share for the quarter, up from their prior estimate of ($0.02). Raymond James currently has a “Outperform” rating and a $51.00 target price on the stock. Raymond James also issued estimates for Boralex’s Q3 2022 earnings at ($0.12) EPS.
Boralex (TSE:BLX – Get Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The company reported C$0.17 EPS for the quarter, missing the consensus estimate of C$0.25 by C($0.08). The company had revenue of C$192.00 million for the quarter, compared to the consensus estimate of C$197.95 million.
Shares of BLX stock opened at C$38.50 on Monday. The company’s 50-day moving average is C$39.09 and its 200 day moving average is C$36.22. Boralex has a one year low of C$30.04 and a one year high of C$42.49. The company has a debt-to-equity ratio of 325.35, a quick ratio of 1.02 and a current ratio of 1.17. The company has a market capitalization of C$3.95 billion and a price-to-earnings ratio of 240.63.
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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