FY2027 Earnings Estimate for TSE:AQN Issued By Scotiabank

Algonquin Power & Utilities Corp. (TSE:AQN) – Equities researchers at Scotiabank boosted their FY2027 earnings per share estimates for Algonquin Power & Utilities in a report released on Wednesday, August 19th. Scotiabank analyst R. Hope now anticipates that the company will earn $0.58 per share for the year, up from their prior forecast of $0.56. 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, August 7th. The company reported C$0.06 EPS for the quarter. Algonquin Power & Utilities had a net margin of 5.86% and a return on equity of 3.20%. The company had revenue of C$772.76 million for the quarter.

Separately, Wells Fargo & Company upgraded shares of Algonquin Power & Utilities to a “hold” rating in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Algonquin Power & Utilities has a consensus rating of “Buy” and an average target price of C$8.00.

Algonquin Power & Utilities Price Performance

TSE AQN opened at C$8.04 on Friday. Algonquin Power & Utilities has a twelve month low of C$7.26 and a twelve month high of C$9.69. The stock has a market capitalization of C$6.19 billion, a PE ratio of 44.67, a P/E/G ratio of 1.07 and a beta of 1.45. The stock has a 50-day simple moving average of C$8.22 and a 200 day simple moving average of C$8.50. The company has a debt-to-equity ratio of 143.60, a quick ratio of 0.37 and a current ratio of 0.88.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp., parent company of Liberty Utilities, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN’s common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively.