Wall Street analysts forecast that Algonquin Power & Utilities Corp. (NYSE:AQN) will post sales of $409.82 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Algonquin Power & Utilities Corp.’s earnings, with the lowest sales estimate coming in at $358.03 million and the highest estimate coming in at $461.60 million. Algonquin Power & Utilities Corp. posted sales of $169.66 million during the same quarter last year, which suggests a positive year over year growth rate of 141.6%. The firm is scheduled to report its next earnings report after the market closes on Tuesday, November 14th.

On average, analysts expect that Algonquin Power & Utilities Corp. will report full-year sales of $409.82 million for the current year, with estimates ranging from $1.54 billion to $1.74 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.70 billion per share, with estimates ranging from $1.56 billion to $1.92 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Algonquin Power & Utilities Corp..

Separately, Zacks Investment Research upgraded Algonquin Power & Utilities Corp. from a “sell” rating to a “hold” rating in a report on Friday.

Shares of Algonquin Power & Utilities Corp. (AQN) opened at $10.55 on Friday. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 1.18 and a beta of 0.80. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.80 and a quick ratio of 0.65.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a $0.1165 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.47 annualized dividend and a dividend yield of 4.42%. Algonquin Power & Utilities Corp.’s dividend payout ratio (DPR) is 156.67%.

COPYRIGHT VIOLATION WARNING: “Algonquin Power & Utilities Corp. (AQN) Expected to Post Quarterly Sales of $409.82 Million” was originally published by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/11/04/algonquin-power-utilities-corp-aqn-expected-to-post-quarterly-sales-of-409-82-million.html.

Institutional investors have recently made changes to their positions in the company. Swiss National Bank lifted its holdings in shares of Algonquin Power & Utilities Corp. by 60.4% in the second quarter. Swiss National Bank now owns 621,100 shares of the utilities provider’s stock valued at $6,539,000 after buying an additional 234,000 shares during the period. Montrusco Bolton Investments Inc. lifted its holdings in shares of Algonquin Power & Utilities Corp. by 18.6% in the third quarter. Montrusco Bolton Investments Inc. now owns 7,689,672 shares of the utilities provider’s stock valued at $81,099,000 after buying an additional 1,205,668 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Algonquin Power & Utilities Corp. during the second quarter valued at $3,364,000. UBS Asset Management Americas Inc. lifted its holdings in shares of Algonquin Power & Utilities Corp. by 114.0% during the second quarter. UBS Asset Management Americas Inc. now owns 129,365 shares of the utilities provider’s stock valued at $1,360,000 after purchasing an additional 68,900 shares during the last quarter. Finally, Naples Global Advisors LLC lifted its holdings in shares of Algonquin Power & Utilities Corp. by 3.8% during the second quarter. Naples Global Advisors LLC now owns 135,205 shares of the utilities provider’s stock valued at $1,425,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 38.23% of the company’s stock.

Algonquin Power & Utilities Corp. Company Profile

Algonquin Power & Utilities Corp., through its subsidiaries, engages in the generation, transmission, and distribution of utility assets in North America. The company generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.

Get a free copy of the Zacks research report on Algonquin Power & Utilities Corp. (AQN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Algonquin Power & Utilities Corp. (NYSE:AQN)

Receive News & Ratings for Algonquin Power & Utilities Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities Corp. and related companies with MarketBeat.com's FREE daily email newsletter.