Boralex (BLX) Set to Announce Quarterly Earnings on Friday

Boralex (TSE:BLX) is set to issue its quarterly earnings data before the market opens on Friday, August 10th. Analysts expect the company to announce earnings of C($0.18) per share for the quarter.

Boralex (TSE:BLX) last announced its quarterly earnings data on Wednesday, May 9th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.13). The firm had revenue of C$153.00 million for the quarter, compared to analyst estimates of C$146.40 million. Boralex had a return on equity of 13.67% and a net margin of 20.61%.

Shares of Boralex opened at C$19.86 on Friday, MarketBeat Ratings reports. Boralex has a 12-month low of C$19.34 and a 12-month high of C$25.03.

BLX has been the topic of a number of analyst reports. Desjardins increased their price objective on shares of Boralex from C$25.50 to C$26.00 in a research note on Monday, April 23rd. BMO Capital Markets reissued an “outperform” rating and issued a C$25.50 target price on shares of Boralex in a report on Monday, April 23rd. National Bank Financial increased their target price on shares of Boralex from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Monday, April 23rd. Finally, TD Securities increased their target price on shares of Boralex from C$26.00 to C$27.00 in a report on Thursday, May 10th.

About Boralex

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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Earnings History for Boralex (TSE:BLX)

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