What is Scotiabank’s Estimate for TSE:INE FY2025 Earnings?

Innergex Renewable Energy Inc. (TSE:INE) – Scotiabank lowered their FY2025 EPS estimates for shares of Innergex Renewable Energy in a report issued on Wednesday, January 8th. Scotiabank analyst R. Hope now anticipates that the company will post earnings per share of $0.05 for the year, down from their previous forecast of $0.08. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is $0.15 per share. Scotiabank also issued estimates for Innergex Renewable Energy’s FY2026 earnings at ($0.02) EPS.

Separately, CIBC reduced their price target on Innergex Renewable Energy from C$11.50 to C$11.00 in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Innergex Renewable Energy presently has an average rating of “Moderate Buy” and a consensus price target of C$12.38.

Innergex Renewable Energy Stock Performance

Shares of INE opened at C$7.78 on Friday. The company has a market capitalization of C$1.58 billion, a price-to-earnings ratio of -11.97, a PEG ratio of 20.61 and a beta of 0.36. The company has a debt-to-equity ratio of 428.86, a quick ratio of 0.58 and a current ratio of 0.57. Innergex Renewable Energy has a 1 year low of C$7.05 and a 1 year high of C$10.96. The company’s 50 day simple moving average is C$8.50 and its 200 day simple moving average is C$9.37.

Innergex Renewable Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.63%. Innergex Renewable Energy’s payout ratio is -55.38%.

Innergex Renewable Energy Company Profile

For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada’s best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world.