Q1 2019 Earnings Forecast for Algonquin Power & Utilities Corp Issued By Raymond James (AQN)

Algonquin Power & Utilities Corp (TSE:AQN) – Analysts at Raymond James reduced their Q1 2019 EPS estimates for shares of Algonquin Power & Utilities in a research report issued to clients and investors on Tuesday, April 23rd. Raymond James analyst D. Quezada now forecasts that the company will post earnings of $0.26 per share for the quarter, down from their previous forecast of $0.28. Raymond James also issued estimates for Algonquin Power & Utilities’ Q2 2019 earnings at $0.18 EPS and Q3 2019 earnings at $0.18 EPS.

A number of other research firms have also weighed in on AQN. JPMorgan Chase & Co. increased their price objective on shares of Algonquin Power & Utilities from C$13.00 to C$14.00 in a research note on Monday, March 4th. National Bank Financial increased their price target on shares of Algonquin Power & Utilities from C$11.00 to C$11.50 and gave the stock a “sector perform” rating in a report on Tuesday, February 19th.

TSE:AQN opened at C$15.35 on Wednesday. The firm has a market capitalization of $7.49 billion and a PE ratio of 100.99. Algonquin Power & Utilities has a 1-year low of C$12.25 and a 1-year high of C$15.46. The company has a current ratio of 0.99, a quick ratio of 0.59 and a debt-to-equity ratio of 85.14.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings data on Thursday, February 28th. The company reported C$0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.17 by C$0.02. The business had revenue of C$555.01 million during the quarter, compared to analyst estimates of C$546.79 million.

In related news, Senior Officer Ian Edward Robertson sold 277,594 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of C$15.00, for a total transaction of C$4,163,271.53. Following the sale, the insider now directly owns 1,318,021 shares of the company’s stock, valued at C$19,767,283.55.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.169 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date was Thursday, March 28th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is presently 453.95%.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United States. It generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.

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