Boralex Inc. (TSE:BLX) to Post FY2025 Earnings of $1.25 Per Share, Cormark Forecasts

Boralex Inc. (TSE:BLX) – Research analysts at Cormark issued their FY2025 earnings per share (EPS) estimates for Boralex in a note issued to investors on Tuesday, July 23rd. Cormark analyst N. Boychuk expects that the company will post earnings per share of $1.25 for the year. The consensus estimate for Boralex’s current full-year earnings is $1.06 per share.

Several other research firms have also recently commented on BLX. National Bankshares raised their target price on Boralex from C$43.00 to C$46.00 in a research note on Monday, July 8th. Scotiabank raised their price objective on shares of Boralex from C$38.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Desjardins boosted their target price on shares of Boralex from C$44.00 to C$46.00 and gave the company a “top pick” rating in a research report on Friday, June 21st. Cibc World Mkts upgraded shares of Boralex to a “strong-buy” rating in a report on Monday. Finally, Raymond James decreased their price target on shares of Boralex from C$40.00 to C$38.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$41.67.

Boralex Stock Performance

BLX stock opened at C$32.87 on Friday. The firm has a market cap of C$3.38 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 0.94 and a beta of 0.41. The company has a current ratio of 1.16, a quick ratio of 1.54 and a debt-to-equity ratio of 172.42. The stock has a 50-day moving average price of C$33.83 and a 200-day moving average price of C$31.16. Boralex has a 1-year low of C$25.40 and a 1-year high of C$36.68.

Boralex (TSE:BLX) last announced its earnings results on Wednesday, May 15th. The company reported C$0.53 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.48 by C$0.05. The business had revenue of C$291.00 million during the quarter, compared to the consensus estimate of C$296.40 million. Boralex had a net margin of 10.14% and a return on equity of 6.87%.

Boralex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Friday, May 31st. Boralex’s payout ratio is presently 67.35%.

About Boralex

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.