Q1 2024 EPS Estimates for Boralex Inc. (TSE:BLX) Cut by National Bank Financial

Boralex Inc. (TSE:BLX) – Stock analysts at National Bank Financial reduced their Q1 2024 earnings per share (EPS) estimates for shares of Boralex in a report issued on Wednesday, April 17th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of $0.37 for the quarter, down from their prior forecast of $0.46. The consensus estimate for Boralex’s current full-year earnings is $1.06 per share. National Bank Financial also issued estimates for Boralex’s Q2 2024 earnings at $0.07 EPS, Q4 2024 earnings at $0.51 EPS and FY2025 earnings at $0.73 EPS.

Boralex (TSE:BLX) last posted its quarterly earnings data on Friday, March 1st. The company reported C$0.36 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.15). Boralex had a net margin of 7.63% and a return on equity of 5.68%. The company had revenue of C$315.00 million for the quarter, compared to the consensus estimate of C$262.30 million.

Other analysts have also issued research reports about the company. CIBC reduced their target price on Boralex from C$40.00 to C$38.00 and set an “outperform” rating for the company in a report on Friday. BMO Capital Markets lifted their target price on Boralex to C$37.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Finally, Desjardins lifted their target price on Boralex from C$43.00 to C$44.00 and gave the stock a “top pick” rating in a report on Monday, January 29th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$40.50.

Boralex Stock Down 1.2 %

Boralex stock opened at C$26.76 on Friday. The firm has a market cap of C$2.75 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 0.94 and a beta of 0.41. The stock has a fifty day simple moving average of C$28.67 and a two-hundred day simple moving average of C$29.99. Boralex has a 12 month low of C$25.40 and a 12 month high of C$41.56. The company has a current ratio of 1.08, a quick ratio of 1.54 and a debt-to-equity ratio of 179.25.

Boralex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.165 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.47%. Boralex’s dividend payout ratio (DPR) is currently 86.84%.

Boralex Company Profile

Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe.