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

Algonquin Power & Utilities (TSE:AQN) issued its quarterly earnings data on Friday. The company reported C$0.08 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$829.86 million for the quarter. Algonquin Power & Utilities had a negative net margin of 1.11% and a negative return on equity of 0.57%.

Algonquin Power & Utilities Trading Down 11.5%

Shares of Algonquin Power & Utilities stock opened at C$8.35 on Friday. The firm’s 50 day simple moving average is C$8.97 and its two-hundred day simple moving average is C$8.41. The firm has a market capitalization of C$6.41 billion, a price-to-earnings ratio of -278.33, a PEG ratio of 1.07 and a beta of 1.20. Algonquin Power & Utilities has a 12-month low of C$6.17 and a 12-month high of C$9.69. The company has a current ratio of 1.23, a quick ratio of 0.37 and a debt-to-equity ratio of 138.56.

Wall Street Analyst Weigh In

AQN has been the subject of several recent analyst reports. Janney Montgomery Scott upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Scotiabank raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. Finally, National Bank Financial upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Algonquin Power & Utilities currently has a consensus rating of “Buy” and a consensus price target of C$6.38.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada.