Q1 2024 EPS Estimates for Boralex Inc. (TSE:BLX) Cut by National Bank Financial

Boralex Inc. (TSE:BLX) – Equities researchers at National Bank Financial decreased their Q1 2024 earnings per share (EPS) estimates for shares of Boralex in a note issued to investors on Wednesday, April 17th. National Bank Financial analyst R. Merer now anticipates that the company will earn $0.37 per share for the quarter, down from their previous estimate of $0.46. The consensus estimate for Boralex’s current full-year earnings is $1.06 per share. National Bank Financial also issued estimates for Boralex’s Q2 2024 earnings at $0.07 EPS, Q4 2024 earnings at $0.51 EPS and FY2025 earnings at $0.73 EPS.

BLX has been the topic of a number of other reports. CIBC decreased their price target on Boralex from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Friday. BMO Capital Markets upped their price objective on Boralex to C$37.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Finally, Desjardins upped their price objective on Boralex from C$43.00 to C$44.00 and gave the stock a “top pick” rating in a report on Monday, January 29th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Boralex presently has an average rating of “Buy” and a consensus target price of C$40.50.

Boralex Stock Down 1.2 %

TSE BLX opened at C$26.76 on Friday. The firm has a market cap of C$2.75 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 0.94 and a beta of 0.41. Boralex has a one year low of C$25.40 and a one year high of C$41.56. The stock’s 50 day simple moving average is C$28.67 and its 200 day simple moving average is C$29.99. The company has a debt-to-equity ratio of 179.25, a current ratio of 1.08 and a quick ratio of 1.54.

Boralex (TSE:BLX) last released its quarterly earnings results on Friday, March 1st. The company reported C$0.36 EPS for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.15). The business had revenue of C$315.00 million for the quarter, compared to the consensus estimate of C$262.30 million. Boralex had a return on equity of 5.68% and a net margin of 7.63%.

Boralex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Wednesday, February 28th. Boralex’s dividend payout ratio (DPR) is currently 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.