Northland Power Q3 EPS Forecast Boosted by Atb Cap Markets

Northland Power Inc. (TSE:NPI) – Research analysts at Atb Cap Markets raised their Q3 2024 earnings per share estimates for Northland Power in a research report issued to clients and investors on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now expects that the solar energy provider will earn $0.32 per share for the quarter, up from their prior forecast of $0.05. Atb Cap Markets also issued estimates for Northland Power’s FY2024 earnings at $1.80 EPS.

Separately, National Bankshares increased their price objective on Northland Power from C$34.00 to C$35.00 in a research note on Thursday, July 11th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Northland Power has an average rating of “Moderate Buy” and an average price target of C$30.14.

Northland Power Trading Down 0.1 %

NPI opened at C$21.85 on Friday. Northland Power has a fifty-two week low of C$19.36 and a fifty-two week high of C$25.36. The firm has a market capitalization of C$5.63 billion, a PE ratio of 91.04, a P/E/G ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23. The company’s 50-day moving average is C$22.03 and its 200 day moving average is C$22.67.

Northland Power (TSE:NPI) last released its quarterly earnings data on Wednesday, August 14th. The solar energy provider reported C$0.25 earnings per share for the quarter, topping the consensus estimate of C$0.17 by C$0.08. The firm had revenue of C$528.97 million for the quarter, compared to the consensus estimate of C$526.10 million. Northland Power had a net margin of 2.98% and a return on equity of 3.95%.

Northland Power Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.10 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.20 annualized dividend and a yield of 5.49%. Northland Power’s dividend payout ratio (DPR) is 500.00%.

Northland Power Company Profile

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.