Q4 2018 EPS Estimates for Boralex Inc. Decreased by National Bank Financial (BLX)

Boralex Inc. (TSE:BLX) – Analysts at National Bank Financial cut their Q4 2018 earnings estimates for Boralex in a research report issued on Tuesday, January 15th. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of $0.17 for the quarter, down from their prior forecast of $0.24.

Boralex (TSE:BLX) last posted its quarterly earnings results on Friday, November 9th. The company reported C($0.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.38) by C($0.05). The business had revenue of C$79.00 million for the quarter, compared to analysts’ expectations of C$88.00 million.

A number of other research firms have also recently issued reports on BLX. Royal Bank of Canada cut their price target on Boralex from C$24.00 to C$22.00 and set an “outperform” rating for the company in a report on Monday, November 12th. TD Securities dropped their price objective on Boralex from C$22.00 to C$21.00 in a report on Monday, November 12th. CIBC dropped their price objective on Boralex from C$24.50 to C$24.00 in a report on Monday, November 12th. Industrial Alliance Securities raised Boralex from a “buy” rating to a “strong-buy” rating and dropped their price objective for the stock from C$26.00 to C$22.00 in a report on Tuesday, October 9th. Finally, BMO Capital Markets dropped their price objective on Boralex from C$26.00 to C$24.00 in a report on Tuesday, November 6th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$23.31.

Shares of TSE:BLX opened at C$17.63 on Thursday. Boralex has a 52 week low of C$15.96 and a 52 week high of C$25.03. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 356.49.

In other news, Director Sylvain Aird sold 2,257 shares of the company’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of C$16.25, for a total value of C$36,676.25.

Boralex Company Profile

Boralex Inc, together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2017, the company had interests in 55 wind power stations with an installed capacity of 1,237 megawatts (MW); 15 hydroelectric power stations with a capacity of 172 MW; 2 thermal power stations with an installed capacity of 47 MW; and 3 solar power facilities with an installed capacity of 16 MW.

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