Algonquin Power & Utilities (NYSE:AQN) posted its quarterly earnings data on Thursday. The utilities provider reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01, Briefing.com reports. Algonquin Power & Utilities had a return on equity of 7.57% and a net margin of 21.46%. The firm had revenue of $365.60 million for the quarter, compared to analyst estimates of $405.41 million. During the same quarter last year, the company earned $0.10 EPS. The company’s revenue was down .2% on a year-over-year basis.
AQN traded down $0.01 during midday trading on Friday, hitting $13.46. 1,146,436 shares of the company were exchanged, compared to its average volume of 453,030. The firm’s 50 day moving average price is $13.69 and its 200-day moving average price is $12.67. Algonquin Power & Utilities has a 1-year low of $9.67 and a 1-year high of $14.45. The company has a quick ratio of 0.83, a current ratio of 1.03 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $6.96 billion, a P/E ratio of 20.39, a P/E/G ratio of 2.72 and a beta of 0.58.
AQN has been the topic of a number of recent research reports. Zacks Investment Research upgraded Algonquin Power & Utilities from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. National Bank Financial raised their price objective on Algonquin Power & Utilities from $13.50 to $14.00 in a research note on Monday, October 21st. TD Securities started coverage on Algonquin Power & Utilities in a research note on Thursday, October 17th. They set a “buy” rating on the stock. Royal Bank of Canada raised their target price on Algonquin Power & Utilities from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Finally, ValuEngine downgraded Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $14.03.
About Algonquin Power & Utilities
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United States. It generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.
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