Valener Inc (VNR) Expected to Earn Q2 2018 Earnings of $0.88 Per Share

Valener Inc (TSE:VNR) – Analysts at Desjardins issued their Q2 2018 earnings per share (EPS) estimates for Valener in a research note issued to investors on Monday. Desjardins analyst B. Cabel expects that the company will earn $0.88 per share for the quarter. Desjardins also issued estimates for Valener’s Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at ($0.11) EPS and FY2018 earnings at $1.32 EPS.

Several other brokerages have also recently issued reports on VNR. National Bank Financial boosted their price objective on Valener from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a report on Monday, November 27th. BMO Capital Markets reissued a “market perform” rating and issued a C$23.50 price objective on shares of Valener in a report on Monday, November 27th. Finally, Royal Bank of Canada reduced their price target on Valener from C$24.00 to C$23.00 and set a “sector perform” rating for the company in a report on Monday.

Valener (VNR) opened at C$21.05 on Tuesday. The stock has a market capitalization of $835.02, a PE ratio of 12.31 and a beta of 0.02. Valener has a fifty-two week low of C$20.60 and a fifty-two week high of C$23.28.

Valener (TSE:VNR) last issued its quarterly earnings data on Friday, November 24th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.05) by C($0.02). The company had revenue of C($4.39) million during the quarter. Valener had a negative net margin of 1,072.14% and a negative return on equity of 1.66%.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Saturday, March 31st will be issued a $0.29 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.16 dividend on an annualized basis and a yield of 5.51%. Valener’s payout ratio is 66.28%.

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About Valener

Valener Inc is a Canada-based energy company. The Company holds interests in Gaz Metro Limited Partnership (Gaz Metro), whose core operations are natural gas distribution in Quebec and Vermont, as well as electricity distribution in Vermont. The Company also owns indirect interests in wind farms through its subsidiaries, Valener Eole Inc and Valener Eole 4 Inc, which have approximately 154 turbines and an installed capacity of 340 megawatts.

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