Boralex Inc. (TSE:BLX) – Stock analysts at National Bank Financial dropped their Q4 2019 earnings per share estimates for shares of Boralex in a research note issued on Wednesday, July 10th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings of $0.34 per share for the quarter, down from their previous estimate of $0.36. National Bank Financial has a “Outperform” rating and a $25.00 price objective on the stock. National Bank Financial also issued estimates for Boralex’s FY2020 earnings at $0.25 EPS.
Boralex (TSE:BLX) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.30 by C($0.02). The business had revenue of C$172.00 million during the quarter, compared to the consensus estimate of C$173.00 million.
BLX has been the topic of several other reports. Raymond James set a C$19.50 price target on Heroux Devtek and gave the stock an “outperform” rating in a research report on Thursday, June 20th. CIBC dropped their price target on Peyto Exploration & Development from C$10.00 to C$6.00 in a research report on Wednesday, June 19th. TD Securities downgraded Tricon Capital Group from an “action list buy” rating to a “buy” rating and dropped their price target for the stock from C$14.50 to C$13.50 in a research report on Thursday, May 9th. Finally, BMO Capital Markets restated a “buy” rating on shares of Gran Tierra Energy in a research report on Wednesday, June 26th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$23.29.
Shares of TSE BLX opened at C$20.00 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 415.22. The stock has a 50 day simple moving average of C$19.40. The company has a market cap of $1.78 billion and a P/E ratio of -55.40. Boralex has a 12 month low of C$15.96 and a 12 month high of C$20.63.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 17th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Thursday, May 30th. Boralex’s dividend payout ratio is presently -182.83%.
Boralex Inc, together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2018, the company had interests in 81 wind power stations with an installed capacity of 1,723 megawatts (MW); 15 hydroelectric power stations with a capacity of 156 MW; 2 thermal power stations with an installed capacity of 47 MW; and 3 solar power stations with an installed capacity of 16 MW.
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