Raymond James Forecasts OTCMKTS:INGXF FY2025 Earnings

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) – Raymond James increased their FY2025 EPS estimates for shares of Innergex Renewable Energy in a report released on Monday, May 12th. Raymond James analyst T. Genzebu now anticipates that the company will post earnings per share of $0.06 for the year, up from their previous forecast of ($0.01). Raymond James has a “Hold” rating on the stock. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is $0.09 per share.

Innergex Renewable Energy (OTCMKTS:INGXF) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. The firm had revenue of $188.64 million during the quarter, compared to analysts’ expectations of $277.44 million. Innergex Renewable Energy had a net margin of 1.84% and a return on equity of 4.40%.

Separately, National Bank Financial cut shares of Innergex Renewable Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Innergex Renewable Energy Trading Up 0.8%

INGXF opened at $9.73 on Thursday. Innergex Renewable Energy has a 1-year low of $4.81 and a 1-year high of $10.03. The firm has a 50-day moving average price of $9.61 and a two-hundred day moving average price of $7.35. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50. The stock has a market capitalization of $1.98 billion, a PE ratio of 324.37 and a beta of 0.62.

Innergex Renewable Energy Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.0624 per share. This represents a dividend yield of 2.64%. The ex-dividend date was Monday, March 31st. Innergex Renewable Energy’s dividend payout ratio is 178.57%.

About Innergex Renewable Energy

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.