Northland Power (NPI) to Release Quarterly Earnings on Wednesday

Northland Power (TSE:NPI) will release its earnings data after the market closes on Wednesday, November 13th. Analysts expect Northland Power to post earnings of C$0.13 per share for the quarter.

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

Northland Power Price Performance

TSE NPI opened at C$21.49 on Wednesday. Northland Power has a one year low of C$20.01 and a one year high of C$25.36. The stock has a 50-day moving average of C$21.81 and a 200 day moving average of C$22.62. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86. The company has a market capitalization of C$5.54 billion, a price-to-earnings ratio of 87.79, a PEG ratio of 0.71 and a beta of 0.47.

Northland Power Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date of this dividend is Thursday, October 31st. Northland Power’s dividend payout ratio (DPR) is presently 500.00%.

Wall Street Analysts Forecast Growth

Separately, National Bankshares upped their price target on shares of Northland Power from C$34.00 to C$35.00 in a research report on Thursday, July 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$30.14.

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.