FY2024 Earnings Estimate for Northland Power Inc. (TSE:NPI) Issued By Cormark

Northland Power Inc. (TSE:NPI – Get Rating) – Equities researchers at Cormark increased their FY2024 earnings per share (EPS) estimates for Northland Power in a research report issued on Thursday, May 11th. Cormark analyst N. Boychuk now anticipates that the solar energy provider will post earnings per share of $1.11 for the year, up from their prior forecast of $0.93. The consensus estimate for Northland Power’s current full-year earnings is $1.13 per share.

Northland Power (TSE:NPI – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The solar energy provider reported C$0.53 EPS for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.10. The company had revenue of C$641.12 million for the quarter, compared to analyst estimates of C$595.90 million.

NPI has been the topic of a number of other reports. ATB Capital reduced their target price on shares of Northland Power from C$50.00 to C$48.00 in a research report on Friday, April 21st. Scotiabank reduced their price target on Northland Power from C$51.00 to C$49.00 in a research report on Monday, February 6th. CSFB reduced their price target on Northland Power from C$46.50 to C$46.00 in a research report on Wednesday, April 5th. BMO Capital Markets reduced their price target on Northland Power from C$46.00 to C$45.00 in a research report on Friday, February 24th. Finally, Royal Bank of Canada reduced their price target on Northland Power from C$43.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Monday, February 27th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$45.60.

Northland Power Stock Up 1.8 %

NPI opened at C$29.27 on Monday. The company has a debt-to-equity ratio of 151.01, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of C$7.34 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 0.71 and a beta of 0.39. The business has a 50-day moving average of C$33.24 and a two-hundred day moving average of C$35.65. Northland Power has a 12 month low of C$27.20 and a 12 month high of C$47.13.

Northland Power Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, April 17th. Stockholders of record on Monday, April 17th were issued a $0.10 dividend. The ex-dividend date was Thursday, March 30th. This represents a $1.20 annualized dividend and a dividend yield of 4.10%. Northland Power’s dividend payout ratio (DPR) is 39.47%.

About Northland Power

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Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in North America, Europe, Latin America, and Asia. The company produces electricity from renewable resources, such as wind, solar, or hydropower, as well as clean-burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.