FY2025 Earnings Forecast for OTCMKTS:INGXF Issued By Cormark

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) – Cormark lowered their FY2025 earnings per share estimates for Innergex Renewable Energy in a research report issued on Thursday, January 23rd. Cormark analyst N. Boychuk now expects that the company will post earnings per share of $0.13 for the year, down from their prior estimate of $0.16. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is ($0.08) per share.

Innergex Renewable Energy (OTCMKTS:INGXF) last released its earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $179.04 million during the quarter, compared to the consensus estimate of $192.68 million. Innergex Renewable Energy had a negative return on equity of 1.70% and a negative net margin of 13.73%.

Innergex Renewable Energy Stock Performance

Innergex Renewable Energy stock opened at $5.32 on Friday. Innergex Renewable Energy has a 1 year low of $5.19 and a 1 year high of $7.90. The firm’s 50 day moving average price is $5.84 and its two-hundred day moving average price is $6.61. The company has a debt-to-equity ratio of 4.50, a quick ratio of 0.56 and a current ratio of 0.56.

Innergex Renewable Energy Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were issued a dividend of $0.0649 per share. The ex-dividend date was Tuesday, December 31st. This represents a yield of 4.6%. Innergex Renewable Energy’s payout ratio is presently -51.02%.

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.