Q2 2019 EPS Estimates for Atlantic Power Corp (ATP) Lifted by Analyst

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Atlantic Power Corp (TSE:ATP) (NYSE:ATP) – National Bank Financial raised their Q2 2019 earnings per share estimates for Atlantic Power in a research report issued on Thursday, May 16th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings of $0.05 per share for the quarter, up from their previous estimate of $0.03. National Bank Financial has a “Sector Perform” rating and a $2.90 price objective on the stock. National Bank Financial also issued estimates for Atlantic Power’s Q3 2019 earnings at $0.07 EPS and Q4 2019 earnings at $0.09 EPS.

Separately, Royal Bank of Canada boosted their price target on Atlantic Power from C$3.00 to C$3.50 and gave the stock a “sector perform” rating in a research note on Monday, March 4th.

ATP stock opened at C$3.27 on Monday. Atlantic Power has a 1-year low of C$2.63 and a 1-year high of C$4.01. The company has a debt-to-equity ratio of 374.07, a current ratio of 1.01 and a quick ratio of 0.82. The firm has a market capitalization of $358.70 million and a PE ratio of 13.24.

Atlantic Power (TSE:ATP) (NYSE:ATP) last posted its quarterly earnings results on Thursday, February 28th. The company reported C$0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.09 by C$0.15. The business had revenue of C$93.45 million during the quarter.

About Atlantic Power

Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2017, its power generation projects had an aggregate gross electric generation capacity of approximately 1,633 megawatts consisting of interests in 18 operational power generation projects across 9 states in the United States and 2 provinces in Canada.

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