Q2 2024 EPS Estimates for Boralex Inc. Cut by National Bank Financial (TSE:BLX)

Boralex Inc. (TSE:BLXFree Report) – Research analysts at National Bank Financial lowered their Q2 2024 earnings estimates for Boralex in a report released on Monday, July 8th. National Bank Financial analyst R. Merer now forecasts that the company will earn $0.06 per share for the quarter, down from their prior estimate of $0.10. The consensus estimate for Boralex’s current full-year earnings is $1.06 per share. National Bank Financial also issued estimates for Boralex’s Q3 2024 earnings at ($0.14) EPS and FY2024 earnings at $1.04 EPS.

Boralex (TSE:BLXGet Free Report) last posted its earnings results on Wednesday, May 15th. The company reported C$0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.48 by C$0.05. Boralex had a net margin of 10.14% and a return on equity of 6.87%. The business had revenue of C$291.00 million for the quarter, compared to analyst estimates of C$296.40 million.

Other analysts have also recently issued reports about the company. CIBC boosted their price objective on Boralex from C$39.00 to C$41.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Raymond James cut their price target on shares of Boralex from C$40.00 to C$38.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. National Bankshares increased their price objective on shares of Boralex from C$43.00 to C$46.00 in a report on Monday. Scotiabank lifted their target price on shares of Boralex from C$38.00 to C$42.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Finally, Desjardins upped their price target on shares of Boralex from C$44.00 to C$46.00 and gave the stock a “top pick” rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$41.56.

Read Our Latest Analysis on Boralex

Boralex Stock Performance

TSE BLX opened at C$34.10 on Thursday. The stock has a market capitalization of C$3.50 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 0.94 and a beta of 0.41. The stock has a 50-day moving average of C$33.05 and a 200 day moving average of C$31.12. The company has a current ratio of 1.16, a quick ratio of 1.54 and a debt-to-equity ratio of 172.42. Boralex has a twelve month low of C$25.40 and a twelve month high of C$36.68.

Boralex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were issued a $0.165 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.66 dividend on an annualized basis and a yield of 1.94%. Boralex’s payout ratio is 67.35%.

About Boralex

(Get Free Report)

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.

Recommended Stories

Earnings History and Estimates for Boralex (TSE:BLX)

Receive News & Ratings for Boralex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boralex and related companies with MarketBeat.com's FREE daily email newsletter.