Q1 2024 Earnings Estimate for Boralex Inc. Issued By National Bank Financial (TSE:BLX)

Boralex Inc. (TSE:BLX) – Investment analysts at National Bank Financial dropped their Q1 2024 earnings estimates for shares of Boralex in a report released on Wednesday, April 17th. National Bank Financial analyst R. Merer now anticipates that the company will earn $0.37 per share for the quarter, down from their prior forecast of $0.46. The consensus estimate for Boralex’s current full-year earnings is $1.06 per share. National Bank Financial also issued estimates for Boralex’s Q2 2024 earnings at $0.07 EPS, Q4 2024 earnings at $0.51 EPS and FY2025 earnings at $0.73 EPS.

Other research analysts have also issued reports about the stock. CIBC decreased their price objective on shares of Boralex from C$41.00 to C$40.00 and set an “outperform” rating for the company in a report on Monday, March 4th. BMO Capital Markets upped their price objective on shares of Boralex to C$37.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Finally, Desjardins upped their price objective on shares of Boralex from C$43.00 to C$44.00 and gave the stock a “top pick” rating in a report on Monday, January 29th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$40.75.

Boralex Trading Up 2.1 %

TSE:BLX opened at C$27.08 on Friday. The company has a fifty day moving average of C$28.75 and a 200 day moving average of C$29.99. Boralex has a 52 week low of C$25.40 and a 52 week high of C$41.56. The company has a quick ratio of 1.54, a current ratio of 1.08 and a debt-to-equity ratio of 179.25. The firm has a market capitalization of C$2.78 billion, a P/E ratio of 35.63, a P/E/G ratio of 0.94 and a beta of 0.41.

Boralex (TSE:BLX) last posted its quarterly earnings results on Friday, March 1st. The company reported C$0.36 EPS for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.15). Boralex had a net margin of 7.63% and a return on equity of 5.68%. The firm had revenue of C$315.00 million for the quarter, compared to the consensus estimate of C$262.30 million.

Boralex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Wednesday, February 28th. Boralex’s dividend payout ratio (DPR) is presently 86.84%.

Boralex Company Profile

Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe.