Q1 2024 Earnings Estimate for Boralex Inc. Issued By National Bank Financial (TSE:BLX)

Boralex Inc. (TSE:BLX) – Investment analysts at National Bank Financial decreased their Q1 2024 EPS estimates for Boralex in a research note issued to investors on Wednesday, April 17th. National Bank Financial analyst R. Merer now forecasts that the company will earn $0.37 per share for the quarter, down from their prior estimate of $0.46. The consensus estimate for Boralex’s current full-year earnings is $1.06 per share. National Bank Financial also issued estimates for Boralex’s Q2 2024 earnings at $0.07 EPS, Q4 2024 earnings at $0.51 EPS and FY2025 earnings at $0.73 EPS.

A number of other equities research analysts have also recently issued reports on the stock. CIBC decreased their price target on shares of Boralex from C$41.00 to C$40.00 and set an “outperform” rating for the company in a report on Monday, March 4th. Desjardins upped their price objective on shares of Boralex from C$43.00 to C$44.00 and gave the company a “top pick” rating in a research report on Monday, January 29th. Finally, BMO Capital Markets upped their price objective on shares of Boralex to C$37.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$40.75.

Boralex Stock Up 2.1 %

BLX stock opened at C$27.08 on Friday. The company has a debt-to-equity ratio of 179.25, a current ratio of 1.08 and a quick ratio of 1.54. Boralex has a 52-week low of C$25.40 and a 52-week high of C$41.56. The company has a 50-day moving average of C$28.75 and a two-hundred day moving average of C$29.99. The stock has a market capitalization of C$2.78 billion, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 0.94 and a beta of 0.41.

Boralex (TSE:BLX) last issued its quarterly earnings data on Friday, March 1st. The company reported C$0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.15). Boralex had a return on equity of 5.68% and a net margin of 7.63%. The business had revenue of C$315.00 million during the quarter, compared to the consensus estimate of C$262.30 million.

Boralex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.44%. Boralex’s payout ratio is 86.84%.

Boralex Company Profile

Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe.