Brokers Set Expectations for OTCMKTS:INGXF Q2 Earnings

Posted by Patrick Bannon on Feb 25th, 2025

Innergex Renewable Energy Inc. (OTCMKTS:INGXF – Free Report) – Research analysts at Raymond James dropped their Q2 2025 earnings estimates for Innergex Renewable Energy in a research report issued on Friday, February 21st. Raymond James analyst T. Genzebu now expects that the company will post earnings per share of $0.04 for the quarter, down from their previous estimate of $0.06. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is $0.09 per share. Raymond James also issued estimates for Innergex Renewable Energy’s Q3 2025 earnings at ($0.01) EPS.

Innergex Renewable Energy (OTCMKTS:INGXF – Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.22. The company had revenue of $204.46 million during the quarter, compared to the consensus estimate of $266.84 million. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%.

Innergex Renewable Energy Stock Up 54.1 %

OTCMKTS INGXF opened at $9.42 on Monday. Innergex Renewable Energy has a 1-year low of $4.81 and a 1-year high of $9.42. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 313.89 and a beta of 0.65. The stock’s 50 day moving average is $5.50 and its two-hundred day moving average is $6.30. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50.

Innergex Renewable Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were issued a $0.0649 dividend. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, December 31st. Innergex Renewable Energy’s payout ratio is currently 800.00%.

About Innergex Renewable Energy

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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.