Scotiabank Has Pessimistic View of TSE:AQN FY2026 Earnings

Algonquin Power & Utilities Corp. (TSE:AQN) – Research analysts at Scotiabank cut their FY2026 earnings per share estimates for shares of Algonquin Power & Utilities in a research report issued to clients and investors on Thursday, March 12th. Scotiabank analyst R. Hope now expects that the company will post earnings of $0.50 per share for the year, down from their previous forecast of $0.51. Scotiabank has a “Strong-Buy” rating on the stock. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.47 per share.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings data on Friday, March 6th. The company reported C$0.08 earnings per share (EPS) for the quarter. The firm had revenue of C$829.86 million during the quarter. Algonquin Power & Utilities had a return on equity of 3.88% and a net margin of 7.42%.

Several other equities analysts also recently issued reports on the stock. Raymond James Financial raised shares of Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a report on Monday, March 9th. TD Securities dropped their price objective on shares of Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating for the company in a report on Monday, March 9th. Finally, National Bank Financial upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Algonquin Power & Utilities presently has a consensus rating of “Buy” and an average price target of C$6.38.

Algonquin Power & Utilities Stock Up 1.4%

AQN opened at C$8.70 on Monday. The firm’s 50-day simple moving average is C$8.97 and its 200-day simple moving average is C$8.43. The company has a debt-to-equity ratio of 140.99, a quick ratio of 0.37 and a current ratio of 1.00. Algonquin Power & Utilities has a twelve month low of C$6.31 and a twelve month high of C$9.69. The firm has a market cap of C$6.68 billion, a price-to-earnings ratio of -290.00, a PEG ratio of 1.07 and a beta of 1.20.

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.