Algonquin Power & Utilities (TSE:AQN) Releases Earnings Results, Misses Estimates By $0.03 EPS

Algonquin Power & Utilities (TSE:AQN) announced its quarterly earnings data on Friday. The company reported C$0.06 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.03), RTT News reports. Algonquin Power & Utilities had a negative net margin of 39.22% and a negative return on equity of 19.30%. During the same period last year, the business earned $0.16 earnings per share.

Algonquin Power & Utilities Stock Up 0.6 %

Algonquin Power & Utilities stock opened at C$6.87 on Friday. The firm has a market cap of C$3.73 billion, a price-to-earnings ratio of -3.45, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The business’s 50-day moving average price is C$6.58 and its 200 day moving average price is C$6.83. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 154.35. Algonquin Power & Utilities has a 52 week low of C$6.03 and a 52 week high of C$9.28.

Insiders Place Their Bets

In other Algonquin Power & Utilities news, Director David Levenson purchased 62,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of C$6.45 per share, for a total transaction of C$399,900.00. Also, Director Dilek Samil sold 17,400 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$6.46, for a total value of C$112,421.40. 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.