Northland Power (NPI) Set to Announce Quarterly Earnings on Wednesday

Northland Power (TSE:NPI) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 15th. Analysts expect the company to announce earnings of C$0.54 per share for the quarter.

Northland Power (TSE:NPI) last announced its earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.43 by C($0.92). Northland Power had a negative net margin of 7.85% and a negative return on equity of 2.09%. The company had revenue of C$626.22 million for the quarter, compared to the consensus estimate of C$614.15 million.

Northland Power Price Performance

NPI opened at C$21.55 on Wednesday. The stock’s 50 day moving average price is C$22.18 and its 200-day moving average price is C$22.75. The stock has a market capitalization of C$5.51 billion, a PE ratio of -29.93, a price-to-earnings-growth ratio of 0.71 and a beta of 0.45. The company has a debt-to-equity ratio of 165.58, a quick ratio of 1.23 and a current ratio of 1.13. Northland Power has a 52-week low of C$19.36 and a 52-week high of C$32.60.

Northland Power Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.20 dividend on an annualized basis and a yield of 5.57%. Northland Power’s dividend payout ratio is currently -166.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NPI shares. Desjardins cut their price objective on shares of Northland Power from C$29.00 to C$27.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Raymond James downgraded shares of Northland Power from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from C$32.00 to C$30.00 in a report on Thursday, April 25th. CIBC dropped their target price on Northland Power from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. BMO Capital Markets decreased their price target on shares of Northland Power from C$31.00 to C$30.00 and set an “outperform” rating for the company in a research note on Thursday, February 22nd. Finally, National Bankshares boosted their price target on shares of Northland Power from C$32.00 to C$34.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$31.79.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.