Innergex Renewable Energy Inc (TSE:INE) – Equities research analysts at National Bank Financial issued their Q2 2019 EPS estimates for Innergex Renewable Energy in a research report issued on Tuesday, April 2nd, according to Zacks Investment Research. National Bank Financial analyst R. Merer expects that the company will earn $0.14 per share for the quarter. National Bank Financial currently has a “Outperform” rating and a $18.50 target price on the stock. National Bank Financial also issued estimates for Innergex Renewable Energy’s Q4 2019 earnings at $0.13 EPS and FY2020 earnings at $0.58 EPS.
Innergex Renewable Energy (TSE:INE) last released its quarterly earnings data on Wednesday, February 27th. The company reported C$0.10 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.04. The firm had revenue of C$166.16 million during the quarter, compared to the consensus estimate of C$162.30 million.
INE traded up C$0.17 on Thursday, hitting C$14.23. The company had a trading volume of 100,905 shares, compared to its average volume of 277,300. Innergex Renewable Energy has a 12-month low of C$11.66 and a 12-month high of C$14.75. The company has a debt-to-equity ratio of 490.74, a current ratio of 0.36 and a quick ratio of 0.29. The firm has a market capitalization of $1.89 billion and a PE ratio of 69.08.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.175 per share. This is a positive change from Innergex Renewable Energy’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.92%. Innergex Renewable Energy’s payout ratio is presently 330.10%.
Innergex Renewable Energy Company Profile
Innergex Renewable Energy Inc operates as an independent renewable power producer. It develops, owns, and operates run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power facilities. The company operates through five segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, Geothermal Generation, and Site Development.
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