Q1 EPS Estimates for OTCMKTS:INGXF Reduced by Raymond James

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) – Equities research analysts at Raymond James cut their Q1 2025 EPS estimates for shares of Innergex Renewable Energy in a research report issued to clients and investors on Tuesday, April 29th. Raymond James analyst T. Genzebu now expects that the company will post earnings of ($0.08) per share for the quarter, down from their previous estimate of ($0.06). Raymond James has a “Hold” rating on the stock. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is $0.09 per share.

Separately, National Bank Financial lowered Innergex Renewable Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Innergex Renewable Energy Stock Performance

OTCMKTS:INGXF opened at $9.82 on Friday. Innergex Renewable Energy has a fifty-two week low of $4.81 and a fifty-two week high of $10.03. The firm’s 50 day moving average is $9.54 and its two-hundred day moving average is $7.17. The company has a market cap of $1.99 billion, a P/E ratio of 327.33 and a beta of 0.55. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50.

Innergex Renewable Energy (OTCMKTS:INGXF) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.22. Innergex Renewable Energy had a net margin of 1.84% and a return on equity of 4.40%. The business had revenue of $204.46 million for the quarter, compared to analyst estimates of $266.84 million.

Innergex Renewable Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a dividend of $0.0624 per share. This represents a yield of 2.64%. The ex-dividend date was Monday, March 31st. Innergex Renewable Energy’s dividend payout ratio (DPR) is presently 833.33%.

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.