FY2024 EPS Estimates for UGE International Ltd. Reduced by Analyst (CVE:UGE)

UGE International Ltd. (CVE:UGE) – Equities researchers at HC Wainwright decreased their FY2024 earnings per share (EPS) estimates for UGE International in a note issued to investors on Wednesday, May 1st. HC Wainwright analyst S. Joshi now forecasts that the company will earn ($0.69) per share for the year, down from their prior estimate of ($0.68). The consensus estimate for UGE International’s current full-year earnings is ($0.35) per share. HC Wainwright also issued estimates for UGE International’s FY2025 earnings at $0.12 EPS, FY2026 earnings at $0.26 EPS and FY2027 earnings at $0.63 EPS.

Separately, Cormark lowered UGE International from a “buy” rating to a “market perform” rating and dropped their target price for the company from C$2.75 to C$1.00 in a report on Wednesday.

UGE International Stock Up 5.7 %

CVE:UGE opened at C$0.56 on Friday. The stock has a market capitalization of C$18.63 million, a price-to-earnings ratio of -1.02 and a beta of 0.71. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 1,211.57. UGE International has a 52 week low of C$0.50 and a 52 week high of C$2.03. The stock’s fifty day moving average is C$0.78 and its two-hundred day moving average is C$1.01.

About UGE International

UGE International Ltd. develops, builds, finances, owns, and operates commercial and community solar facilities in Canada, the United States, and the Philippines. It also provides energy storage services; and engineering and consulting services. The company was founded in 2008 and is headquartered in Toronto, Canada.