Cormark Has Negative Forecast for Boralex FY2025 Earnings

Boralex Inc. (TSE:BLX) – Cormark dropped their FY2025 earnings per share (EPS) estimates for shares of Boralex in a research report issued to clients and investors on Monday, March 3rd. Cormark analyst N. Boychuk now anticipates that the company will post earnings of $0.70 per share for the year, down from their previous forecast of $1.01. The consensus estimate for Boralex’s current full-year earnings is $1.34 per share.

Several other research firms have also recently commented on BLX. Scotiabank decreased their target price on shares of Boralex from C$42.00 to C$36.00 and set a “sector perform” rating for the company in a research report on Thursday, January 30th. CIBC reduced their price objective on Boralex from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. BMO Capital Markets lowered their target price on Boralex from C$46.00 to C$45.00 in a research report on Friday, November 15th. National Bankshares cut their target price on Boralex from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Finally, Raymond James lowered their price target on Boralex from C$41.00 to C$39.00 in a report on Monday. One analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Boralex has an average rating of “Buy” and an average target price of C$40.25.

Boralex Stock Performance

Shares of Boralex stock opened at C$29.05 on Thursday. The firm has a market cap of C$3.02 billion, a PE ratio of 42.59, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. Boralex has a 1 year low of C$24.40 and a 1 year high of C$36.68. The firm’s 50-day simple moving average is C$26.99 and its 200-day simple moving average is C$30.76. The company has a debt-to-equity ratio of 233.60, a quick ratio of 1.54 and a current ratio of 0.86.

Boralex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be given a $0.165 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.66 annualized dividend and a dividend yield of 2.27%. Boralex’s dividend payout ratio is presently 96.76%.

About Boralex

Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex’s plants rely on wind power, while a significant number also employ hydroelectric power.