Boralex (BLX) to Release Earnings on Wednesday

Boralex (TSE:BLXGet Free Report) will be announcing its earnings results before the market opens on Wednesday, May 15th. Analysts expect the company to announce earnings of C$0.51 per share for the quarter.

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

Boralex Trading Down 0.1 %

Shares of TSE BLX opened at C$29.69 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.54 and a debt-to-equity ratio of 179.25. The firm has a market capitalization of C$3.05 billion, a PE ratio of 39.07, a PEG ratio of 0.94 and a beta of 0.41. The business has a 50-day moving average price of C$28.33 and a two-hundred day moving average price of C$30.12. Boralex has a one year low of C$25.40 and a one year high of C$39.50.

Boralex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.66 annualized dividend and a dividend yield of 2.22%. Boralex’s dividend payout ratio is 86.84%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BLX. Desjardins cut their price target on shares of Boralex from C$44.00 to C$42.00 and set a “top pick” rating on the stock in a report on Tuesday, April 30th. Raymond James cut their target price on Boralex from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. BMO Capital Markets boosted their price target on Boralex to C$37.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Finally, CIBC lowered their price objective on Boralex from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$40.00.

View Our Latest Research Report on BLX

Boralex Company Profile

(Get Free Report)

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.

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Earnings History for Boralex (TSE:BLX)

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