Q3 Earnings Estimate for Boralex Issued By Cormark

Boralex Inc. (TSE:BLX) – Equities research analysts at Cormark issued their Q3 2024 earnings per share estimates for Boralex in a research note issued to investors on Monday, October 21st. Cormark analyst N. Boychuk forecasts that the company will earn ($0.14) per share for the quarter. The consensus estimate for Boralex’s current full-year earnings is $1.34 per share.

Boralex (TSE:BLX) last issued its earnings results on Wednesday, August 14th. The company reported C$0.10 EPS for the quarter, topping analysts’ consensus estimates of C$0.04 by C$0.06. The firm had revenue of C$180.00 million for the quarter, compared to the consensus estimate of C$211.65 million. Boralex had a return on equity of 6.69% and a net margin of 9.91%.

A number of other equities analysts also recently commented on BLX. Cibc World Mkts upgraded Boralex to a “strong-buy” rating in a research report on Monday, July 22nd. CIBC lifted their target price on Boralex from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. National Bankshares boosted their price objective on Boralex from C$43.00 to C$46.00 in a report on Monday, July 8th. Raymond James boosted their price objective on Boralex from C$38.00 to C$41.00 in a report on Thursday, August 15th. Finally, BMO Capital Markets boosted their price objective on Boralex from C$39.00 to C$46.00 in a report on Thursday, September 5th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$43.50.

Boralex Stock Performance

Shares of TSE:BLX opened at C$35.82 on Wednesday. The company has a debt-to-equity ratio of 175.24, a current ratio of 0.95 and a quick ratio of 1.54. The business’s 50 day moving average price is C$34.21 and its 200-day moving average price is C$32.48. The firm has a market capitalization of C$3.68 billion, a PE ratio of 38.37, a P/E/G ratio of 2.01 and a beta of 0.46. Boralex has a 1 year low of C$25.49 and a 1 year high of C$36.68.

Boralex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Friday, August 30th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Friday, August 30th. Boralex’s dividend payout ratio (DPR) is 70.97%.

Boralex Company Profile

Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe.