Innergex Renewable Energy Inc. (OTCMKTS:INGXF – Free Report) – Scotiabank raised their FY2024 earnings per share estimates for Innergex Renewable Energy in a report issued on Wednesday, January 8th. Scotiabank analyst R. Hope now anticipates that the company will earn ($0.10) per share for the year, up from their previous forecast of ($0.11). The consensus estimate for Innergex Renewable Energy’s current full-year earnings is ($0.07) per share.
Innergex Renewable Energy (OTCMKTS:INGXF – Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $179.04 million for the quarter, compared to analyst estimates of $192.68 million. Innergex Renewable Energy had a negative return on equity of 1.70% and a negative net margin of 13.73%.
Innergex Renewable Energy Price Performance
Innergex Renewable Energy Cuts Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st will be issued a dividend of $0.0649 per share. This represents a dividend yield of 4.6%. The ex-dividend date is Tuesday, December 31st. Innergex Renewable Energy’s dividend payout ratio is currently -51.02%.
About Innergex Renewable Energy
Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.
Further Reading
- Five stocks we like better than Innergex Renewable Energy
- How to Use High Beta Stocks to Maximize Your Investing Profits
- ServiceTitan Made Waves in Its IPO, But Is the Stock a Buy?
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Netflix: Is This the Perfect Time to Buy a Streaming Powerhouse?
- What Are the FAANG Stocks and Are They Good Investments?
- Goldman Sachs Unveils 3 Massive Opportunities for 2025 Investors
Receive News & Ratings for Innergex Renewable Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innergex Renewable Energy and related companies with MarketBeat.com's FREE daily email newsletter.