Algonquin Power & Utilities (TSE:AQN) Announces Earnings Results

Algonquin Power & Utilities (TSE:AQN) announced its quarterly earnings results on Friday. The company reported C$0.06 earnings per share (EPS) for the quarter, FiscalAI reports. Algonquin Power & Utilities had a net margin of 6.71% and a return on equity of 3.63%. The firm had revenue of C$772.76 million for the quarter.

Algonquin Power & Utilities Stock Performance

Shares of TSE:AQN opened at C$7.99 on Friday. The company has a debt-to-equity ratio of 143.58, a current ratio of 1.05 and a quick ratio of 0.37. The business’s fifty day moving average price is C$8.25 and its two-hundred day moving average price is C$8.56. Algonquin Power & Utilities has a fifty-two week low of C$7.26 and a fifty-two week high of C$9.69. The stock has a market capitalization of C$6.15 billion, a price-to-earnings ratio of 38.05, a price-to-earnings-growth ratio of 1.07 and a beta of 1.45.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised shares of Algonquin Power & Utilities to a “hold” rating in a research note on Monday, May 11th. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$8.00.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp., parent company of Liberty Utilities, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN’s common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively.