FY2025 Earnings Estimate for OTCMKTS:INGXF Issued By Cormark

Posted by ABMN Staff on Jan 25th, 2025

Innergex Renewable Energy Inc. (OTCMKTS:INGXF – Free Report) – Stock analysts at Cormark dropped their FY2025 earnings per share estimates for shares of Innergex Renewable Energy in a research note issued on Thursday, January 23rd. Cormark analyst N. Boychuk now forecasts that the company will earn $0.13 per share for the year, down from their previous estimate of $0.16. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is ($0.08) per share.

Innergex Renewable Energy (OTCMKTS:INGXF – Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $179.04 million during the quarter, compared to analyst estimates of $192.68 million. Innergex Renewable Energy had a negative net margin of 13.73% and a negative return on equity of 1.70%.

Innergex Renewable Energy Price Performance

Shares of INGXF opened at $5.38 on Friday. The firm has a market cap of $1.09 billion, a PE ratio of -10.98 and a beta of 0.65. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50. The firm has a fifty day simple moving average of $5.81 and a two-hundred day simple moving average of $6.59. Innergex Renewable Energy has a 1-year low of $5.19 and a 1-year high of $7.90.

Innergex Renewable Energy Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were paid a $0.0649 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a dividend yield of 4.6%. Innergex Renewable Energy’s dividend payout ratio (DPR) is -51.02%.

Innergex Renewable Energy Company Profile

(Get Free Report)

Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.