Algonquin Power & Utilities (NYSE:AQN – Get Free Report) released its quarterly earnings data on Friday. The utilities provider reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01, Briefing.com reports. The company had revenue of $598.60 million for the quarter, compared to the consensus estimate of $635.95 million. Algonquin Power & Utilities had a positive return on equity of 5.39% and a negative net margin of 12.44%. Algonquin Power & Utilities’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS.
Algonquin Power & Utilities Trading Down 12.6 %
Shares of Algonquin Power & Utilities stock traded down $0.78 on Friday, hitting $5.41. 30,552,303 shares of the company’s stock traded hands, compared to its average volume of 5,459,924. The company has a fifty day moving average of $6.02 and a two-hundred day moving average of $6.10. Algonquin Power & Utilities has a one year low of $4.90 and a one year high of $7.95. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of -11.04 and a beta of 0.66. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.79.
Algonquin Power & Utilities Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend is Monday, September 30th. Algonquin Power & Utilities’s dividend payout ratio is -87.76%.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on Algonquin Power & Utilities
Algonquin Power & Utilities Company Profile
Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.
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