Algonquin Power & Utilities (AQN) to Release Earnings on Friday

Algonquin Power & Utilities (NYSE:AQN) is anticipated to release its earnings data before the market opens on Friday, March 7th. Analysts expect Algonquin Power & Utilities to post earnings of $0.10 per share and revenue of $644.73 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Algonquin Power & Utilities Stock Up 1.4 %

Shares of AQN opened at $4.84 on Thursday. Algonquin Power & Utilities has a 52 week low of $4.19 and a 52 week high of $6.79. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 0.92. The firm has a market capitalization of $3.71 billion, a P/E ratio of -3.75 and a beta of 0.69. The company has a 50-day simple moving average of $4.57 and a 200-day simple moving average of $4.87.

Analyst Upgrades and Downgrades

AQN has been the topic of several research analyst reports. National Bankshares decreased their price target on shares of Algonquin Power & Utilities from $6.75 to $6.25 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Royal Bank of Canada reduced their price objective on shares of Algonquin Power & Utilities from $6.00 to $5.50 and set a “sector perform” rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $7.00 price objective on shares of Algonquin Power & Utilities in a research note on Thursday, December 12th. Finally, Scotiabank raised their price objective on shares of Algonquin Power & Utilities from $5.25 to $5.50 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Algonquin Power & Utilities has a consensus rating of “Hold” and an average target price of $6.00.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission.