FY2025 EPS Estimates for OTCMKTS:INGXF Decreased by Cormark

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) – Equities research analysts at Cormark lowered their FY2025 earnings per share estimates for Innergex Renewable Energy in a report released on Thursday, January 23rd. Cormark analyst N. Boychuk now anticipates that the company will earn $0.13 per share 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 Trading Up 2.5 %

INGXF opened at $5.32 on Friday. The stock has a 50-day moving average of $5.84 and a 200-day moving average of $6.61. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50. Innergex Renewable Energy has a 52-week low of $5.19 and a 52-week high of $7.90.

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

Innergex Renewable Energy Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were given a $0.0649 dividend. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, December 31st. Innergex Renewable Energy’s dividend payout ratio is -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.