Desjardins Has Positive Outlook of TSE:AQN FY2025 Earnings

Algonquin Power & Utilities Corp. (TSE:AQN) – Equities researchers at Desjardins lifted their FY2025 EPS estimates for Algonquin Power & Utilities in a research note issued to investors on Sunday, November 9th. Desjardins analyst B. Stadler now forecasts that the company will post earnings per share of $0.43 for the year, up from their previous estimate of $0.41. Desjardins currently has a “Moderate Buy” rating on the stock. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.47 per share. Desjardins also issued estimates for Algonquin Power & Utilities’ FY2026 earnings at $0.52 EPS and FY2027 earnings at $0.64 EPS.

Several other brokerages have also recently weighed in on AQN. TD Securities dropped their price objective on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating for the company in a report on Monday, August 11th. Janney Montgomery Scott raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$6.38.

Algonquin Power & Utilities Trading Down 1.7%

Shares of TSE:AQN opened at C$8.70 on Tuesday. The company has a market capitalization of C$6.68 billion, a P/E ratio of -4.58, a P/E/G ratio of 1.07 and a beta of 0.82. Algonquin Power & Utilities has a 1 year low of C$6.03 and a 1 year high of C$9.10. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37. The business’s 50 day simple moving average is C$7.95 and its 200 day simple moving average is C$7.92.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada.