The company is set to announce its latest quarterly earnings on Thursday, May 7th, with a consensus estimate of $0.11 EPS.
Algonquin Power & Utilities Corp. (AQN) is currently trading at $6.25, down by 5 cents (-0.794%) from the previous close. The trading volume stands at $643,435, representing a 13.65% increase over the average.
In the last quarterly report on Thursday, March 5th, the company reported an earnings per share of $0.06, surpassing the consensus estimate of $0.04.
With a forward dividend yield of 4.16%, Algonquin Power & Utilities Corp. (AQN) distributed 6.5 cents per share in the most recent quarter, showing a year-over-year decrease.
The company experienced a net change in cash of -$29.50 million, with operating cash flow at $178.78 million. Capital expenditure stood at -$223.56 million.
Algonquin Power & Utilities Corp. (AQN) generated revenues of $637.15 million, leading to a net income of $24.98 million. The earnings per share (EPS) and diluted EPS were 2.43 cents and 2.41 cents, respectively.
Key financial metrics include a net profit margin of 3.35%, return on equity of 0.46%, and a price-to-earnings ratio of 55.37.
The company holds total assets of $14.11 billion, with total debt at $6.53 billion, resulting in a net debt of $6.50 billion.
This comprehensive overview provides insights into the financial performance of Algonquin Power & Utilities Corp. (AQN) in the current trading session.
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. The company operates through two segments, Regulated Services Group and Renewable Energy Group. The Regulated Services Group segment operates a portfolio of rate-regulated utilities located in the United States, Canada, Chile, and Bermuda. Its utilities provide distribution services to approximately 1,093,000 customer connections in the electric, natural gas, and water and wastewater sectors The Renewable Energy Group segment generates and sells electrical energy, capacity, ancillary products, and renewable attributes produced by its portfolio of renewable and clean power generation facilities primarily in the United States and Canada. It owns and operates hydroelectric, wind, solar, and thermal facilities; and owns and operates a portfolio of clean energy and water infrastructure assets. The company was incorporated in 1988 and is headquartered in Oakville, Canada.