OTCMKTS:INGXF Q4 EPS Lowered by National Bank Financial

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) – Stock analysts at National Bank Financial cut their Q4 2024 earnings per share estimates for Innergex Renewable Energy in a report released on Thursday, January 9th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings of ($0.01) per share for the quarter, down from their prior estimate of $0.03. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is ($0.07) per share. National Bank Financial also issued estimates for Innergex Renewable Energy’s FY2025 earnings at $0.08 EPS.

Innergex Renewable Energy Stock Performance

OTCMKTS INGXF opened at $5.33 on Monday. The company has a fifty day moving average of $5.94 and a two-hundred day moving average of $6.69. The company has a debt-to-equity ratio of 4.50, a current ratio of 0.56 and a quick ratio of 0.56. Innergex Renewable Energy has a 1 year low of $5.26 and a 1 year high of $7.90. The company has a market capitalization of $1.08 billion, a PE ratio of -10.88 and a beta of 0.65.

Innergex Renewable Energy (OTCMKTS:INGXF) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $179.04 million during the quarter, compared to analysts’ expectations of $192.68 million. Innergex Renewable Energy had a negative net margin of 13.73% and a negative return on equity of 1.70%.

Innergex Renewable Energy Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st will be given a $0.0649 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 4.6%. Innergex Renewable Energy’s payout ratio is currently -51.02%.

Innergex Renewable Energy Company Profile

Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.