Wall Street brokerages predict that Algonquin Power & Utilities Corp (NYSE:AQN) will announce earnings per share of $0.20 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Algonquin Power & Utilities’ earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.11. Algonquin Power & Utilities reported earnings per share of $0.32 during the same quarter last year, which suggests a negative year over year growth rate of 37.5%. The firm is scheduled to issue its next earnings report after the market closes on Thursday, May 9th.

On average, analysts expect that Algonquin Power & Utilities will report full year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.60 to $0.76. For the next financial year, analysts forecast that the business will report earnings of $0.72 per share, with EPS estimates ranging from $0.60 to $0.81. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Algonquin Power & Utilities.

Algonquin Power & Utilities (NYSE:AQN) last announced its quarterly earnings results on Thursday, February 28th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $419.90 million during the quarter, compared to analyst estimates of $414.08 million. Algonquin Power & Utilities had a return on equity of 9.35% and a net margin of 11.23%.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Algonquin Power & Utilities from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. TD Securities upped their price target on Algonquin Power & Utilities from $12.00 to $12.50 and gave the stock a “buy” rating in a research report on Monday, March 4th. Raymond James reaffirmed a “strong-buy” rating and set a $13.00 price target on shares of Algonquin Power & Utilities in a research report on Friday, March 1st. Bank of America began coverage on Algonquin Power & Utilities in a research report on Wednesday, February 27th. They set a “neutral” rating and a $11.00 price target on the stock. Finally, Canaccord Genuity downgraded Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Algonquin Power & Utilities has an average rating of “Buy” and an average target price of $11.86.

A number of large investors have recently bought and sold shares of AQN. GQG Partners LLC purchased a new stake in shares of Algonquin Power & Utilities during the 4th quarter worth about $75,686,000. Norges Bank purchased a new stake in shares of Algonquin Power & Utilities during the 4th quarter worth about $29,200,000. Citigroup Inc. boosted its stake in shares of Algonquin Power & Utilities by 93.1% during the 4th quarter. Citigroup Inc. now owns 5,465,222 shares of the utilities provider’s stock worth $54,941,000 after acquiring an additional 2,634,569 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Algonquin Power & Utilities by 27.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,341,610 shares of the utilities provider’s stock worth $124,067,000 after acquiring an additional 2,621,641 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Algonquin Power & Utilities by 67.3% during the 4th quarter. Bank of America Corp DE now owns 6,487,599 shares of the utilities provider’s stock worth $65,201,000 after acquiring an additional 2,608,863 shares in the last quarter. 45.46% of the stock is currently owned by institutional investors.

Shares of NYSE:AQN opened at $11.46 on Thursday. The company has a market capitalization of $5.62 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 1.66 and a beta of 0.75. Algonquin Power & Utilities has a 52 week low of $9.45 and a 52 week high of $11.60. The company has a quick ratio of 0.79, a current ratio of 0.99 and a debt-to-equity ratio of 0.95.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.128 dividend. This represents a $0.51 annualized dividend and a yield of 4.47%. The ex-dividend date was Thursday, March 28th. Algonquin Power & Utilities’s payout ratio is 77.27%.

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. It generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.

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