OTCMKTS:INGXF FY2025 EPS Estimate Lowered by Scotiabank

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) – Scotiabank cut their FY2025 earnings per share (EPS) estimates for shares of Innergex Renewable Energy in a report issued on Wednesday, January 8th. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $0.03 per share for the year, down from their prior estimate of $0.06. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is ($0.07) per share. Scotiabank also issued estimates for Innergex Renewable Energy’s FY2026 earnings at ($0.01) EPS.

Innergex Renewable Energy (OTCMKTS:INGXF) last announced its 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. The company had revenue of $179.04 million for the quarter, compared to analyst estimates of $192.68 million. Innergex Renewable Energy had a negative return on equity of 1.70% and a negative net margin of 13.73%.

Innergex Renewable Energy Stock Down 2.9 %

Shares of OTCMKTS INGXF opened at $5.36 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. The firm has a market cap of $1.09 billion, a PE ratio of -10.93 and a beta of 0.65. The company’s fifty day simple moving average is $6.00 and its 200 day simple moving average is $6.74. Innergex Renewable Energy has a 12-month low of $5.26 and a 12-month high of $7.90.

Innergex Renewable Energy Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st will be issued a dividend of $0.0649 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 4.6%. Innergex Renewable Energy’s payout ratio is -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.