Algonquin Power & Utilities (NYSE:AQN) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Algonquin Power & Utilities (NYSE:AQN) released its earnings results on Friday. The utilities provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04), Zacks reports. Algonquin Power & Utilities had a positive return on equity of 5.22% and a negative net margin of 39.12%.

Algonquin Power & Utilities Price Performance

Shares of Algonquin Power & Utilities stock opened at $4.48 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of -3.45 and a beta of 0.69. Algonquin Power & Utilities has a twelve month low of $4.19 and a twelve month high of $6.79. The company has a 50-day simple moving average of $4.58 and a two-hundred day simple moving average of $4.87.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. National Bankshares dropped their price objective on Algonquin Power & Utilities from $6.75 to $6.25 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Royal Bank of Canada lowered their price target on Algonquin Power & Utilities from $6.00 to $5.50 and set a “sector perform” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $7.00 price objective on shares of Algonquin Power & Utilities in a research note on Thursday, December 12th. Finally, Scotiabank upped their target price on shares of Algonquin Power & Utilities from $5.25 to $5.50 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.00.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission.