Desjardins Has Strong Estimate for TSE:AQN FY2026 Earnings

Algonquin Power & Utilities Corp. (TSE:AQN) – Investment analysts at Desjardins increased their FY2026 earnings estimates for Algonquin Power & Utilities in a research note issued to investors on Sunday, May 11th. Desjardins analyst B. Stadler now expects that the company will post earnings of $0.50 per share for the year, up from their prior forecast of $0.46. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.47 per share.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings data on Friday, March 7th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.03). Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%. During the same quarter in the prior year, the firm earned $0.16 EPS.

A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets cut shares of Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a research report on Monday. TD Securities boosted their target price on shares of Algonquin Power & Utilities from C$5.00 to C$6.00 and gave the company a “hold” rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$6.00.

Algonquin Power & Utilities Trading Down 2.4%

AQN stock opened at C$7.62 on Wednesday. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37. The company has a fifty day moving average price of C$7.30 and a two-hundred day moving average price of C$6.84. Algonquin Power & Utilities has a one year low of C$6.03 and a one year high of C$9.19. The stock has a market cap of C$4.13 billion, a price-to-earnings ratio of -3.82, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52.

Insider Activity

In related news, Director Randy David Laney purchased 9,795 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of C$7.02 per share, with a total value of C$68,803.21. 0.06% of the stock is currently owned by company insiders.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.