Q3 2023 Earnings Estimate for Northland Power Inc. Issued By Atb Cap Markets (TSE:NPI)

Posted by on Jun 17th, 2023

Northland Power Inc. (TSE:NPI – Get Rating) – Equities researchers at Atb Cap Markets lowered their Q3 2023 earnings per share estimates for Northland Power in a research report issued on Thursday, June 15th. Atb Cap Markets analyst N. Heywood now anticipates that the solar energy provider will post earnings of $0.22 per share for the quarter, down from their prior estimate of $0.24. The consensus estimate for Northland Power’s current full-year earnings is $1.24 per share. Atb Cap Markets also issued estimates for Northland Power’s Q4 2023 earnings at $0.36 EPS, FY2023 earnings at $1.09 EPS, Q1 2024 earnings at $0.53 EPS, Q2 2024 earnings at $0.27 EPS, Q3 2024 earnings at $0.28 EPS, Q4 2024 earnings at $0.44 EPS and FY2024 earnings at $1.52 EPS.

Northland Power (TSE:NPI – Get Rating) last posted its earnings results on Tuesday, May 9th. The solar energy provider reported C$0.27 EPS for the quarter, missing the consensus estimate of C$0.53 by C($0.26). The business had revenue of C$621.72 million for the quarter, compared to the consensus estimate of C$663.80 million. Northland Power had a return on equity of 18.76% and a net margin of 28.14%.

Other equities analysts have also issued research reports about the stock. CIBC cut their target price on shares of Northland Power from C$43.00 to C$42.00 in a research report on Friday, April 21st. BMO Capital Markets dropped their price objective on Northland Power from C$46.00 to C$45.00 in a research note on Friday, February 24th. ATB Capital dropped their target price on shares of Northland Power from C$50.00 to C$48.00 in a research report on Friday, April 21st. Raymond James dropped their price target on Northland Power from C$49.00 to C$48.00 and set an “outperform” rating for the company in a research note on Monday, February 27th. Finally, Scotiabank lowered their target price on Northland Power from C$45.75 to C$42.50 in a research note on Tuesday, May 16th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Northland Power has an average rating of “Buy” and a consensus price target of C$44.45.

Northland Power Stock Performance

NPI stock opened at C$27.47 on Friday. The firm has a market cap of C$6.93 billion, a PE ratio of 10.03, a P/E/G ratio of 0.71 and a beta of 0.43. The business has a 50 day moving average of C$31.06 and a 200-day moving average of C$34.04. The company has a quick ratio of 1.23, a current ratio of 1.09 and a debt-to-equity ratio of 150.94. Northland Power has a 12-month low of C$27.08 and a 12-month high of C$47.13.

Northland Power Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $1.20 annualized dividend and a yield of 4.37%. Northland Power’s dividend payout ratio (DPR) is currently 43.80%.

About Northland Power

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Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in North America, Europe, Latin America, and Asia. The company produces electricity from renewable resources, such as wind, solar, or hydropower, as well as clean-burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

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Earnings History and Estimates for Northland Power (TSE:NPI)

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