Algonquin Power & Utilities (AQN) to Release Earnings on Friday

Algonquin Power & Utilities (NYSE:AQN) is expected to be releasing its earnings data before the market opens on Friday, March 7th. Analysts expect Algonquin Power & Utilities to post earnings of $0.10 per share and revenue of $644.73 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Algonquin Power & Utilities Stock Performance

Shares of AQN stock opened at $4.84 on Thursday. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of -3.75 and a beta of 0.69. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 0.92. The company has a 50-day simple moving average of $4.57 and a 200 day simple moving average of $4.87. Algonquin Power & Utilities has a 52 week low of $4.19 and a 52 week high of $6.79.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AQN. Royal Bank of Canada reduced their target price on shares of Algonquin Power & Utilities from $6.00 to $5.50 and set a “sector perform” rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $7.00 target price on shares of Algonquin Power & Utilities in a report on Thursday, December 12th. Scotiabank lifted their price objective on shares of Algonquin Power & Utilities from $5.25 to $5.50 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, National Bankshares dropped their price objective on shares of Algonquin Power & Utilities from $6.75 to $6.25 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. One 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 issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average 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.