National Bank Financial Estimates OTCMKTS:INGXF Q4 Earnings

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) – Analysts at National Bank Financial lowered their Q4 2024 earnings estimates for shares of Innergex Renewable Energy in a report released on Thursday, January 9th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of ($0.01) for the quarter, down from their prior forecast of $0.03. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is ($0.07) per share. National Bank Financial also issued estimates for Innergex Renewable Energy’s FY2025 earnings at $0.08 EPS.

Innergex Renewable Energy (OTCMKTS:INGXF) last posted its earnings results on Wednesday, November 6th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Innergex Renewable Energy had a negative net margin of 13.73% and a negative return on equity of 1.70%. The business had revenue of $179.04 million for the quarter, compared to analysts’ expectations of $192.68 million.

Innergex Renewable Energy Stock Performance

Shares of INGXF opened at $5.36 on Monday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -10.93 and a beta of 0.65. The business’s 50 day moving average is $5.98 and its two-hundred day moving average is $6.72. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. Innergex Renewable Energy has a 52-week low of $5.26 and a 52-week high of $7.90.

Innergex Renewable Energy Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st will be issued a dividend of $0.0649 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a dividend yield of 4.6%. Innergex Renewable Energy’s dividend payout ratio (DPR) is -51.02%.

Innergex Renewable Energy Company Profile

Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.