Cormark Has Negative View of OTCMKTS:INGXF FY2025 Earnings

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) – Equities research analysts at Cormark cut their FY2025 EPS estimates for shares of Innergex Renewable Energy in a research report issued to clients and investors on Thursday, January 23rd. Cormark analyst N. Boychuk now forecasts that the company will post earnings per share of $0.13 for the year, down from their prior estimate of $0.16. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is ($0.08) per share.

Innergex Renewable Energy Stock Up 1.1 %

Innergex Renewable Energy stock opened at $5.38 on Friday. Innergex Renewable Energy has a 12 month low of $5.19 and a 12 month high of $7.90. The stock has a market capitalization of $1.09 billion, a PE ratio of -10.98 and a beta of 0.65. The company has a debt-to-equity ratio of 4.50, a current ratio of 0.56 and a quick ratio of 0.56. The business has a 50 day simple moving average of $5.81 and a 200-day simple moving average of $6.58.

Innergex Renewable Energy (OTCMKTS:INGXF) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate 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 company had revenue of $179.04 million for the quarter, compared to analyst estimates of $192.68 million.

Innergex Renewable Energy Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were issued a $0.0649 dividend. The ex-dividend date was Tuesday, December 31st. This represents a yield of 4.6%. Innergex Renewable Energy’s payout ratio is currently -51.02%.

About Innergex Renewable Energy

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.