Northland Power (NPI) to Release Earnings on Wednesday

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Northland Power (TSE:NPI) will issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of C$0.25 per share for the quarter.

Northland Power (TSE:NPI) last issued its quarterly earnings results on Wednesday, May 8th. The solar energy provider reported C$0.78 EPS for the quarter, topping the consensus estimate of C$0.45 by C$0.33. The business had revenue of C$498.54 million for the quarter, compared to the consensus estimate of C$473.60 million.

Shares of TSE:NPI opened at C$25.48 on Tuesday. The business’s 50-day simple moving average is C$25.57. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 491.00. Northland Power has a one year low of C$19.91 and a one year high of C$26.32. The company has a market cap of $4.59 billion and a PE ratio of 15.69.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, July 30th. This represents a $1.20 annualized dividend and a yield of 4.71%. Northland Power’s dividend payout ratio (DPR) is presently 73.89%.

NPI has been the topic of several analyst reports. CIBC boosted their price target on shares of Northland Power from C$26.50 to C$27.00 in a research report on Friday, May 10th. TD Securities boosted their price target on shares of Northland Power from C$28.00 to C$29.00 in a research report on Wednesday, July 17th. National Bank Financial boosted their price target on shares of Northland Power from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Raymond James boosted their price target on shares of Northland Power from C$30.00 to C$30.50 in a research report on Friday, July 26th. Finally, Royal Bank of Canada boosted their price target on shares of Northland Power from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$27.69.

In other news, Director John Wycliffe Brace sold 121,600 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$25.52, for a total value of C$3,102,806.40. Following the sale, the director now directly owns 502,026 shares of the company’s stock, valued at approximately C$12,809,946.43.

Northland Power Company Profile

Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

Further Reading: Are sell-side analysts objective?

Earnings History for Northland Power (TSE:NPI)

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