Algonquin Power & Utilities Corp (NYSE: AQN) Stock: Does It Have Room To Grow?

In the last trading session, 2.41 million Algonquin Power & Utilities Corp (NYSE:AQN) shares changed hands as the company’s beta touched 0.73. With the company’s per share price at $6.54 changed hands at $0.04 or 0.62% during last session, the market valuation stood at $4.66B. AQN’s last price was a discount, traded about -33.64% off its 52-week high of $8.74. The share price had its 52-week low at $4.90, which suggests the last value was 25.08% up since then. When we look at Algonquin Power & Utilities Corp’s average trading volume, we note the 3-month average coming to 5.42 million.

Algonquin Power & Utilities Corp (NYSE:AQN) trade information

Instantly AQN was in green as seen at the end of in last trading. With action -1.65%, the performance over the past five days has been red. The jump to weekly highs of 6.75 added 0.62% to the stock’s daily price. The company’s shares are showing year-to-date upside of 3.48%, with the 5-day performance at -1.65% in the red. However, in the 30-day time frame, Algonquin Power & Utilities Corp (NYSE:AQN) is 6.00% up.

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Algonquin Power & Utilities Corp (AQN) estimates and forecasts

Data shows that the Algonquin Power & Utilities Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 8.10% over the past 6 months, a -16.98% in annual growth rate that is considerably lower than the industry average of 4.90%. Year-over-year growth is forecast to reach 7.40% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 629M. 1 analysts are of the opinion that Algonquin Power & Utilities Corp’s revenue for the current quarter will be 647M. The company’s revenue for the corresponding quarters a year ago was 627.9M and 624.7M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.20%. The estimates for the next quarter sales put growth at 3.60%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -40.16%. The 2024 estimates are for Algonquin Power & Utilities Corp earnings to decrease by -10.97%, but the outlook for the next 5-year period is at 1.70% per year.

AQN Dividends

Algonquin Power & Utilities Corp is expected to release its next quarterly earnings report in June. The 6.64% annual yield figure for the share gives it an annual dividend of 0.43. It is important to note, however, that the 6.64% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.