Scotiabank Has Negative View of TSE:AQN FY2027 Earnings

Algonquin Power & Utilities Corp. (TSE:AQN) – Stock analysts at Scotiabank lowered their FY2027 earnings per share (EPS) estimates for shares of Algonquin Power & Utilities in a research note issued to investors on Thursday, March 12th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $0.56 for the year, down from their previous estimate of $0.60. Scotiabank currently 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 announced its quarterly earnings data on Friday, March 6th. The company reported C$0.08 earnings per share for the quarter. Algonquin Power & Utilities had a return on equity of 3.88% and a net margin of 7.42%.The business had revenue of C$829.86 million during the quarter.

Several other equities analysts have also weighed in on the stock. Raymond James Financial upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 9th. National Bank Financial upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Finally, TD Securities reduced their target price 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. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Algonquin Power & Utilities currently has an average rating of “Buy” and an average target price of C$6.38.

Algonquin Power & Utilities Price Performance

Shares of Algonquin Power & Utilities stock opened at C$8.70 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.37 and a debt-to-equity ratio of 140.99. The company’s 50-day moving average price is C$8.97 and its two-hundred day moving average price is C$8.42. Algonquin Power & Utilities has a 52 week low of C$6.31 and a 52 week high of C$9.69. The stock has a market cap of C$6.68 billion, a PE ratio of -290.00, a price-to-earnings-growth ratio of 1.07 and a beta of 1.20.

About Algonquin Power & Utilities

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.