Scotiabank Has Negative Estimate for TSE:AQN FY2027 Earnings

Algonquin Power & Utilities Corp. (TSE:AQN) – Analysts at Scotiabank decreased their FY2027 earnings per share (EPS) estimates for Algonquin Power & Utilities in a research report issued on Thursday, March 12th. Scotiabank analyst R. Hope now anticipates that the company will post earnings per share of $0.56 for the year, down from their prior 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 released its quarterly earnings results on Friday, March 6th. The company reported C$0.08 earnings per share (EPS) 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 also recently commented on the stock. National Bank Financial upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Raymond James Financial upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 9th. Finally, TD Securities cut their price objective 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 equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$6.38.

Algonquin Power & Utilities Stock Up 1.4%

AQN opened at C$8.70 on Friday. Algonquin Power & Utilities has a fifty-two week low of C$6.31 and a fifty-two week high of C$9.69. The company has a debt-to-equity ratio of 140.99, a quick ratio of 0.37 and a current ratio of 1.00. The company has a market capitalization of C$6.68 billion, a P/E ratio of -290.00, a P/E/G ratio of 1.07 and a beta of 1.20. The stock has a fifty day moving average of C$8.97 and a 200-day moving average of C$8.43.

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.