Innergex Renewable Energy (OTCMKTS:INGXF) Issues Earnings Results, Beats Estimates By $0.01 EPS

Innergex Renewable Energy (OTCMKTS:INGXF) posted its quarterly earnings results on Wednesday. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01, reports. The firm had revenue of $179.04 million during the quarter, compared to the consensus estimate of $192.68 million. Innergex Renewable Energy had a negative return on equity of 1.74% and a negative net margin of 13.73%.

Innergex Renewable Energy Trading Up 1.0 %

Shares of INGXF stock traded up $0.06 during trading hours on Friday, reaching $6.50. The company had a trading volume of 95,161 shares, compared to its average volume of 30,652. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.57 and a quick ratio of 0.57. Innergex Renewable Energy has a twelve month low of $5.26 and a twelve month high of $7.90. The stock’s fifty day simple moving average is $7.01 and its 200 day simple moving average is $6.99.

Innergex Renewable Energy Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.0655 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a yield of 3.57%. Innergex Renewable Energy’s dividend payout ratio (DPR) is -55.10%.

Innergex Renewable Energy Company Profile

Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.