Newalta (NAL) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS
Newalta (TSE:NAL) issued its quarterly earnings data on Friday. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.07, American Banking News reports.
Newalta (TSE:NAL) opened at 19.90 on Friday. Newalta has a 52 week low of $14.65 and a 52 week high of $21.75. The stock’s 50-day moving average is $20.77 and its 200-day moving average is $19.60. The company has a market cap of $1.110 billion and a price-to-earnings ratio of 79.04.
On a related note, analysts at Scotiabank reiterated a “sector perform” rating on shares of Newalta in a research note on Thursday, June 12th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Newalta has a consensus rating of “Buy” and an average target price of C$21.86.
Newalta Corporation (TSE:NAL) is a Canada-based company.
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