Equities research analysts forecast that Algonquin Power & Utilities Corp (NYSE:AQN) will post earnings of $0.10 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Algonquin Power & Utilities’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.08. Algonquin Power & Utilities posted earnings per share of $0.13 in the same quarter last year, which would indicate a negative year-over-year growth rate of 23.1%. The business is scheduled to issue its next earnings results on Tuesday, November 13th.

On average, analysts expect that Algonquin Power & Utilities will report full-year earnings of $0.68 per share for the current financial year, with EPS estimates ranging from $0.66 to $0.70. For the next financial year, analysts anticipate that the firm will report earnings of $0.60 per share, with EPS estimates ranging from $0.55 to $0.64. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Algonquin Power & Utilities.

Algonquin Power & Utilities (NYSE:AQN) last issued its quarterly earnings results on Thursday, August 9th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. Algonquin Power & Utilities had a return on equity of 10.25% and a net margin of 10.92%. The firm had revenue of $366.24 million for the quarter, compared to analyst estimates of $332.38 million.

AQN has been the topic of a number of research reports. Zacks Investment Research raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating and set a $11.00 target price on the stock in a research report on Wednesday, July 11th. ValuEngine lowered Algonquin Power & Utilities from a “hold” rating to a “sell” rating in a research report on Wednesday, June 6th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Algonquin Power & Utilities in a research report on Monday, August 13th. Finally, Wells Fargo & Co lowered their target price on Algonquin Power & Utilities from $14.00 to $12.00 and set a “market perform” rating on the stock in a research report on Monday, August 20th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $11.50.

AQN traded down $0.09 during trading on Thursday, hitting $10.27. The company’s stock had a trading volume of 454,100 shares, compared to its average volume of 190,025. Algonquin Power & Utilities has a twelve month low of $9.45 and a twelve month high of $11.34. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 1.08. The firm has a market cap of $4.93 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.93 and a beta of 0.75.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 28th will be given a dividend of $0.129 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.02%. This is a positive change from Algonquin Power & Utilities’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, September 27th. Algonquin Power & Utilities’s dividend payout ratio is presently 87.93%.

Several large investors have recently modified their holdings of AQN. Commonwealth Equity Services LLC acquired a new position in shares of Algonquin Power & Utilities during the first quarter worth approximately $100,000. Dynamic Technology Lab Private Ltd purchased a new stake in Algonquin Power & Utilities in the 1st quarter valued at $161,000. Cubist Systematic Strategies LLC purchased a new stake in Algonquin Power & Utilities in the 1st quarter valued at $174,000. Chicago Capital LLC purchased a new stake in Algonquin Power & Utilities in the 2nd quarter valued at $226,000. Finally, Paloma Partners Management Co purchased a new stake in Algonquin Power & Utilities in the 2nd quarter valued at $226,000. 40.96% of the stock is currently owned by institutional investors.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United States. The company generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.

See Also: Fundamental Analysis – How It Helps Investors

Get a free copy of the Zacks research report on Algonquin Power & Utilities (AQN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Algonquin Power & Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities and related companies with MarketBeat.com's FREE daily email newsletter.