Innergex Renewable Energy Inc. (TSE:INE – Free Report) – Stock analysts at Cormark issued their Q2 2024 EPS estimates for Innergex Renewable Energy in a research note issued on Tuesday, July 23rd. Cormark analyst N. Boychuk forecasts that the company will post earnings of ($0.03) per share for the quarter. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is $0.08 per share. Cormark also issued estimates for Innergex Renewable Energy’s FY2024 earnings at ($0.45) EPS and FY2025 earnings at ($0.13) EPS.
Innergex Renewable Energy (TSE:INE – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported C($0.11) earnings per share for the quarter, meeting the consensus estimate of C($0.11). Innergex Renewable Energy had a negative return on equity of 10.13% and a negative net margin of 11.78%. The company had revenue of C$242.54 million for the quarter, compared to the consensus estimate of C$240.80 million.
View Our Latest Stock Analysis on Innergex Renewable Energy
Innergex Renewable Energy Stock Performance
Shares of INE stock opened at C$9.53 on Friday. The firm has a market capitalization of C$1.94 billion, a price-to-earnings ratio of -14.89, a PEG ratio of 20.61 and a beta of 0.34. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 546.12. The business’s 50-day moving average price is C$10.09 and its 200-day moving average price is C$8.95. Innergex Renewable Energy has a 12 month low of C$7.05 and a 12 month high of C$13.34.
Innergex Renewable Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Friday, June 28th. Innergex Renewable Energy’s payout ratio is -56.25%.
Insider Transactions at Innergex Renewable Energy
In related news, Director Patrick Loulou acquired 11,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was bought at an average price of C$10.25 per share, for a total transaction of C$112,750.00. Insiders own 20.44% of the company’s stock.
Innergex Renewable Energy Company Profile
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.
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