Altius Renewable Royalties Corp. to Post Q4 2024 Earnings of ($0.01) Per Share, Ventum Cap Mkts Forecasts (TSE:ARR)

Altius Renewable Royalties Corp. (TSE:ARR) – Equities research analysts at Ventum Cap Mkts lowered their Q4 2024 earnings per share (EPS) estimates for Altius Renewable Royalties in a research note issued to investors on Monday, May 6th. Ventum Cap Mkts analyst D. Schilling now anticipates that the company will post earnings of ($0.01) per share for the quarter, down from their prior forecast of $0.03. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.05 per share.

Separately, TD Securities boosted their price objective on shares of Altius Renewable Royalties from C$11.50 to C$12.50 and gave the company a “buy” rating in a research report on Friday, March 1st. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$11.90.

Altius Renewable Royalties Price Performance

Altius Renewable Royalties has a one year low of C$6.60 and a one year high of C$9.75. The firm has a market cap of C$292.20 million, a P/E ratio of -190.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.12, a quick ratio of 102.67 and a current ratio of 209.99. The firm’s 50-day moving average price is C$9.06 and its two-hundred day moving average price is C$8.16.

Altius Renewable Royalties (TSE:ARR) last released its quarterly earnings data on Thursday, May 2nd. The company reported C($0.01) earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.05). Altius Renewable Royalties had a negative return on equity of 0.60% and a negative net margin of 227.79%. The company had revenue of C$1.47 million for the quarter, compared to the consensus estimate of C$1.50 million.

About Altius Renewable Royalties

Altius Renewable Royalties Corp., a renewable energy royalty company, engages in the acquisition and management of renewable energy investments and royalties in North America. The company holds interests in a portfolio of 2,068 MW of operational wind, solar, and hydroelectric projects located in Texas, Kansas, California, and Vermont.