Algonquin Power & Utilities (TSE:AQN) Releases Earnings Results, Misses Estimates By $0.03 EPS

Algonquin Power & Utilities (TSE:AQN) announced its quarterly earnings results on Friday. The company reported C$0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.03), RTT News reports. Algonquin Power & Utilities had a negative net margin of 39.22% and a negative return on equity of 19.30%. During the same period in the prior year, the company earned $0.16 EPS.

Algonquin Power & Utilities Trading Up 0.6 %

Shares of TSE:AQN opened at C$6.87 on Friday. The company has a market cap of C$3.73 billion, a P/E ratio of -3.45, a PEG ratio of 1.07 and a beta of 0.52. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37. Algonquin Power & Utilities has a 1 year low of C$6.03 and a 1 year high of C$9.28. The stock’s fifty day moving average price is C$6.57 and its 200-day moving average price is C$6.85.

Insider Activity

In other news, Director David Levenson bought 62,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of C$6.45 per share, with a total value of C$399,900.00. Also, Director Dilek Samil sold 17,400 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of C$6.46, for a total value of C$112,421.40. Corporate insiders own 0.06% of the company’s stock.

About Algonquin Power & Utilities

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.