Atb Cap Markets Lifts Earnings Estimates for Northland Power

Northland Power Inc. (TSE:NPI) – Analysts at Atb Cap Markets lifted their Q3 2024 EPS estimates for shares of Northland Power in a report issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now anticipates that the solar energy provider will post earnings of $0.32 per share for the quarter, up from their previous forecast of $0.05. Atb Cap Markets also issued estimates for Northland Power’s FY2024 earnings at $1.80 EPS.

Northland Power (TSE:NPI) last issued its quarterly earnings results on Wednesday, August 14th. The solar energy provider reported C$0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.08. The company had revenue of C$528.97 million for the quarter, compared to the consensus estimate of C$526.10 million. Northland Power had a return on equity of 3.95% and a net margin of 2.98%.

Separately, National Bankshares boosted their price target on Northland Power from C$34.00 to C$35.00 in a research report on Thursday, July 11th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Northland Power presently has an average rating of “Moderate Buy” and a consensus price target of C$30.14.

Northland Power Stock Performance

The firm has a market cap of C$5.63 billion, a PE ratio of 92.71, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The business has a 50-day moving average price of C$22.06 and a 200-day moving average price of C$22.68. Northland Power has a twelve month low of C$19.36 and a twelve month high of C$25.36. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53.

Northland Power Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Thursday, October 31st. Northland Power’s dividend payout ratio (DPR) is currently 500.00%.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.