Equities analysts expect Algonquin Power & Utilities Corp (NYSE:AQN) to announce $414.08 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Algonquin Power & Utilities’ earnings. The lowest sales estimate is $399.36 million and the highest is $428.80 million. Algonquin Power & Utilities posted sales of $412.14 million in the same quarter last year, which would indicate a positive year over year growth rate of 0.5%. The firm is scheduled to issue its next quarterly earnings results on Thursday, March 7th.

On average, analysts expect that Algonquin Power & Utilities will report full-year sales of $1.60 billion for the current financial year, with estimates ranging from $1.53 billion to $1.66 billion. For the next financial year, analysts expect that the firm will report sales of $1.63 billion, with estimates ranging from $1.56 billion to $1.72 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Algonquin Power & Utilities.

Algonquin Power & Utilities (NYSE:AQN) last issued its quarterly earnings data on Thursday, November 8th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $366.50 million during the quarter, compared to the consensus estimate of $480.48 million. Algonquin Power & Utilities had a return on equity of 9.59% and a net margin of 11.48%. The firm’s revenue was up 3.6% compared to the same quarter last year.

Several research firms have weighed in on AQN. National Bank Financial downgraded Algonquin Power & Utilities from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $11.00 to $10.50 in a research report on Friday, October 5th. Canaccord Genuity reaffirmed a “buy” rating and issued a $11.00 target price on shares of Algonquin Power & Utilities in a research report on Wednesday. Wells Fargo & Co dropped their target price on Algonquin Power & Utilities from $14.00 to $12.00 and set a “market perform” rating for the company in a research report on Monday, August 20th. Zacks Investment Research downgraded Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a research report on Monday, October 15th. Finally, TD Securities lifted their target price on Algonquin Power & Utilities from $11.50 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $11.40.

NYSE AQN traded up $0.10 during trading on Monday, hitting $10.69. The stock had a trading volume of 458,800 shares, compared to its average volume of 190,179. The company has a market cap of $5.00 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.61 and a beta of 0.77. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.17 and a quick ratio of 0.94. Algonquin Power & Utilities has a twelve month low of $9.45 and a twelve month high of $11.23.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be given a $0.256 dividend. This is an increase from Algonquin Power & Utilities’s previous quarterly dividend of $0.13. This represents a $1.02 annualized dividend and a yield of 9.58%. The ex-dividend date of this dividend is Friday, December 28th. Algonquin Power & Utilities’s payout ratio is currently 87.93%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank acquired a new position in Algonquin Power & Utilities in the 3rd quarter valued at about $101,000. Blair William & Co. IL purchased a new position in shares of Algonquin Power & Utilities in the 3rd quarter valued at about $136,000. Citadel Advisors LLC purchased a new position in shares of Algonquin Power & Utilities in the 3rd quarter valued at about $200,000. Tower Research Capital LLC TRC boosted its stake in shares of Algonquin Power & Utilities by 443.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 22,289 shares of the utilities provider’s stock valued at $232,000 after buying an additional 18,189 shares during the period. Finally, Signition LP purchased a new position in shares of Algonquin Power & Utilities in the 3rd quarter valued at about $235,000. 43.72% of the stock is 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.

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Earnings History and Estimates for Algonquin Power & Utilities (NYSE:AQN)

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