Scotiabank Has Negative Outlook of TSE:AQN FY2026 Earnings

Algonquin Power & Utilities Corp. (TSE:AQN) – Equities researchers at Scotiabank cut their FY2026 earnings per share (EPS) estimates for Algonquin Power & Utilities in a report issued on Thursday, May 14th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $0.49 for the year, down from their previous forecast of $0.50. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.47 per share.

Other analysts have also recently issued research reports about the company. Raymond James Financial upgraded Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 9th. Barclays set a C$10.00 price objective on Algonquin Power & Utilities and gave the company an “overweight” rating in a research report on Wednesday, April 1st. Wells Fargo & Company upgraded Algonquin Power & Utilities to a “hold” rating in a research report on Monday. Finally, TD Securities reduced their price objective on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating for the company in a research report on Monday, March 9th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Algonquin Power & Utilities currently has a consensus rating of “Buy” and a consensus price target of C$7.58.

Algonquin Power & Utilities Stock Down 0.6%

Algonquin Power & Utilities stock opened at C$8.07 on Friday. The stock has a market cap of C$6.21 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.32. The company has a debt-to-equity ratio of 143.58, a quick ratio of 0.37 and a current ratio of 1.05. Algonquin Power & Utilities has a one year low of C$7.26 and a one year high of C$9.69. The stock has a fifty day moving average of C$8.62 and a 200 day moving average of C$8.64.

Algonquin Power & Utilities (TSE:AQN) last posted its quarterly earnings data on Friday, May 8th. The company reported C$0.18 EPS for the quarter. The company had revenue of C$1.10 billion during the quarter. Algonquin Power & Utilities had a return on equity of 3.63% and a net margin of 6.71%.

About Algonquin Power & Utilities

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.