Boralex Inc. (TSE:BLX – Free Report) – Stock analysts at Cormark lowered their FY2024 earnings per share estimates for shares of Boralex in a report issued on Wednesday, May 1st. Cormark analyst N. Boychuk now expects that the company will earn $1.27 per share for the year, down from their previous forecast of $1.30. The consensus estimate for Boralex’s current full-year earnings is $1.06 per share.
Boralex (TSE:BLX – Get Free Report) last released its earnings results on Friday, March 1st. The company reported C$0.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of C$262.30 million.
View Our Latest Stock Analysis on BLX
Boralex Price Performance
TSE:BLX opened at C$28.92 on Thursday. Boralex has a one year low of C$25.40 and a one year high of C$39.99. The company has a debt-to-equity ratio of 179.25, a quick ratio of 1.54 and a current ratio of 1.08. The firm has a market cap of C$2.97 billion, a price-to-earnings ratio of 38.05, a PEG ratio of 0.94 and a beta of 0.41. The firm’s fifty day moving average is C$28.25 and its two-hundred day moving average is C$29.94.
Boralex Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Wednesday, February 28th. Boralex’s dividend payout ratio is presently 86.84%.
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.
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