UGE International Ltd. Expected to Post FY2024 Earnings of ($0.69) Per Share (CVE:UGE)

UGE International Ltd. (CVE:UGE) – Investment analysts at HC Wainwright decreased their FY2024 EPS estimates for UGE International in a research note issued to investors on Wednesday, May 1st. HC Wainwright analyst S. Joshi now forecasts that the company will earn ($0.69) per share for the year, down from their prior estimate of ($0.68). The consensus estimate for UGE International’s current full-year earnings is ($0.35) per share. HC Wainwright also issued estimates for UGE International’s FY2025 earnings at $0.12 EPS, FY2026 earnings at $0.26 EPS and FY2027 earnings at $0.63 EPS.

A number of other research analysts also recently weighed in on UGE. Cormark downgraded UGE International from a “buy” rating to a “market perform” rating and cut their price objective for the company from C$2.75 to C$1.00 in a research note on Wednesday. Ventum Cap Mkts lowered shares of UGE International from a “buy” rating to a “neutral” rating in a research report on Thursday.

UGE International Price Performance

CVE UGE opened at C$0.56 on Friday. The firm has a market cap of C$18.63 million, a P/E ratio of -1.02 and a beta of 0.71. The stock’s 50-day moving average is C$0.78 and its two-hundred day moving average is C$0.99. UGE International has a fifty-two week low of C$0.50 and a fifty-two week high of C$2.03. The company has a debt-to-equity ratio of 1,211.57, a current ratio of 1.14 and a quick ratio of 0.73.

UGE International Company Profile

UGE International Ltd. develops, builds, finances, owns, and operates commercial and community solar facilities in Canada, the United States, and the Philippines. It also provides energy storage services; and engineering and consulting services. The company was founded in 2008 and is headquartered in Toronto, Canada.