OTCMKTS:INGXF FY2025 EPS Estimate Cut by Scotiabank

Posted by Jeff Wilder on Jan 10th, 2025

Innergex Renewable Energy Inc. (OTCMKTS:INGXF – Free Report) – Analysts at Scotiabank decreased their FY2025 earnings estimates for shares of Innergex Renewable Energy in a report issued on Wednesday, January 8th. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $0.03 for the year, down from their previous estimate of $0.06. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is ($0.07) per share. Scotiabank also issued estimates for Innergex Renewable Energy’s FY2026 earnings at ($0.01) EPS.

Innergex Renewable Energy Stock Performance

INGXF opened at $5.52 on Friday. The business has a fifty day simple moving average of $6.00 and a 200-day simple moving average of $6.74. The firm has a market cap of $1.12 billion, a PE ratio of -11.26 and a beta of 0.64. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. Innergex Renewable Energy has a fifty-two week low of $5.26 and a fifty-two week high of $7.90.

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

Innergex Renewable Energy Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st will be issued a dividend of $0.0649 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 4.6%. Innergex Renewable Energy’s payout ratio is presently -53.06%.

Innergex Renewable Energy Company Profile

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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.