Algonquin Power & Utilities (TSE:AQN) Issues Earnings Results

Algonquin Power & Utilities (TSE:AQN) released its quarterly earnings data on Friday. The company reported C$0.06 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.03), RTT News reports. Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%. During the same period last year, the business posted $0.16 EPS.

Algonquin Power & Utilities Stock Performance

TSE AQN opened at C$6.87 on Friday. The stock’s fifty day moving average is C$6.58 and its two-hundred day moving average is C$6.83. The firm has a market capitalization of C$3.73 billion, a P/E ratio of -3.45, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The company has a debt-to-equity ratio of 154.35, a quick ratio of 0.37 and a current ratio of 0.92. Algonquin Power & Utilities has a fifty-two week low of C$6.03 and a fifty-two week high of C$9.28.

Insiders Place Their Bets

In other Algonquin Power & Utilities news, Director David Levenson bought 62,000 shares of Algonquin Power & Utilities stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of C$6.45 per share, for a total transaction of C$399,900.00. Also, Director Dilek Samil sold 17,400 shares of Algonquin Power & Utilities stock in a transaction on Monday, December 16th. The shares were sold at an average price of C$6.46, for a total value of C$112,421.40. 0.06% of the stock is currently owned by corporate insiders.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.