Northland Power Inc. (TSE:NPI – Free Report) – Research analysts at Cormark issued their Q1 2024 earnings estimates for Northland Power in a report issued on Wednesday, May 1st. Cormark analyst N. Boychuk expects that the solar energy provider will post earnings per share of $0.51 for the quarter. The consensus estimate for Northland Power’s current full-year earnings is $1.18 per share. Cormark also issued estimates for Northland Power’s FY2024 earnings at $0.96 EPS.
Several other analysts have also recently commented on NPI. Desjardins decreased their price target on shares of Northland Power from C$29.00 to C$27.00 and set a “buy” rating on the stock in a research note on Tuesday. National Bankshares lifted their price target on shares of Northland Power from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Raymond James lowered shares of Northland Power from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from C$32.00 to C$30.00 in a report on Thursday, April 25th. BMO Capital Markets lowered their target price on shares of Northland Power from C$31.00 to C$30.00 and set an “outperform” rating for the company in a report on Thursday, February 22nd. Finally, CIBC cut their price target on Northland Power from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$31.79.
Northland Power Stock Performance
Northland Power has a 1 year low of C$19.36 and a 1 year high of C$33.10. The firm has a market cap of C$5.46 billion, a PE ratio of -29.68, a PEG ratio of 0.71 and a beta of 0.45. The company has a quick ratio of 1.23, a current ratio of 1.13 and a debt-to-equity ratio of 165.58. The company has a fifty day moving average of C$22.34 and a 200-day moving average of C$22.77.
Northland Power (TSE:NPI – Get Free Report) last issued its earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) EPS for the quarter, missing the consensus estimate of C$0.43 by C($0.92). The firm had revenue of C$626.22 million during the quarter, compared to analyst estimates of C$614.15 million. Northland Power had a negative net margin of 7.85% and a negative return on equity of 2.09%.
Northland Power Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Monday, April 29th. Northland Power’s payout ratio is presently -166.67%.
About Northland Power
Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.
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