Q3 Earnings Forecast for Northland Power Issued By Cormark

Northland Power Inc. (TSE:NPI) – Research analysts at Cormark issued their Q3 2024 earnings estimates for shares of Northland Power in a note issued to investors on Monday, October 21st. Cormark analyst N. Boychuk expects that the solar energy provider will earn $0.05 per share for the quarter. Cormark also issued estimates for Northland Power’s FY2024 earnings at $1.79 EPS.

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

Northland Power Stock Performance

TSE NPI opened at C$22.25 on Wednesday. Northland Power has a 1 year low of C$19.36 and a 1 year high of C$25.36. 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 stock has a market capitalization of C$5.73 billion, a PE ratio of 92.71, a P/E/G ratio of 0.71 and a beta of 0.47. The company’s 50 day simple moving average is C$22.08 and its two-hundred day simple moving average is C$22.68.

Northland Power (TSE:NPI) last released its earnings results on Wednesday, August 14th. The solar energy provider reported C$0.25 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.08. The firm had revenue of C$528.97 million for the quarter, compared to analysts’ expectations 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 business 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 5.39%. The ex-dividend date is Thursday, October 31st. Northland Power’s dividend payout ratio (DPR) is presently 500.00%.

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.