Northland Power Inc. (TSE:NPI – Free Report) – Stock analysts at National Bank Financial cut their Q3 2024 earnings per share (EPS) estimates for shares of Northland Power in a research report issued to clients and investors on Thursday, October 10th. National Bank Financial analyst R. Merer now forecasts that the solar energy provider will earn $0.12 per share for the quarter, down from their previous forecast of $0.15.
Separately, National Bankshares lifted their price objective on Northland Power from C$34.00 to C$35.00 in a report on Thursday, July 11th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$30.38.
Northland Power Stock Down 0.8 %
NPI stock opened at C$21.33 on Monday. The firm has a market cap of C$5.50 billion, a PE ratio of 88.88, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The business has a 50 day moving average of C$22.20 and a 200 day moving average of C$22.68. Northland Power has a twelve month low of C$19.36 and a twelve month high of C$25.36. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53.
Northland Power (TSE:NPI – Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The solar energy provider reported C$0.25 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.08. Northland Power had a return on equity of 3.95% and a net margin of 2.98%. The company had revenue of C$528.97 million during the quarter, compared to analyst estimates of C$526.10 million.
Northland Power Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend is Thursday, October 31st. Northland Power’s dividend payout ratio is currently 500.00%.
About Northland Power
Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.
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