Clarus Securities Weighs in on TSE:PIF FY2028 Earnings

Polaris Renewable Energy Inc. (TSE:PIF) – Equities research analysts at Clarus Securities issued their FY2028 EPS estimates for shares of Polaris Renewable Energy in a report released on Wednesday, June 10th. Clarus Securities analyst S. Kammermayer forecasts that the company will post earnings of $0.35 per share for the year. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share.

Separately, Raymond James Financial reduced their price target on shares of Polaris Renewable Energy from C$20.00 to C$18.25 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$19.63.

Polaris Renewable Energy Stock Down 1.4%

PIF stock opened at C$14.57 on Thursday. The firm has a market cap of C$304.54 million, a PE ratio of 44.15, a PEG ratio of 3.28 and a beta of 0.62. The company has a debt-to-equity ratio of 91.92, a quick ratio of 1.64 and a current ratio of 4.90. The firm’s 50 day moving average price is C$12.86 and its 200-day moving average price is C$12.36. Polaris Renewable Energy has a one year low of C$11.55 and a one year high of C$14.89.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings results on Thursday, May 7th. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$27.48 million for the quarter. Polaris Renewable Energy had a net margin of 9.00% and a return on equity of 2.96%.

Insider Transactions at Polaris Renewable Energy

In other news, Director Marc Murnaghan bought 5,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of C$12.90 per share, with a total value of C$64,500.00. Following the completion of the transaction, the director directly owned 513,501 shares in the company, valued at C$6,624,162.90. This trade represents a 0.98% increase in their ownership of the stock. Insiders purchased a total of 30,000 shares of company stock valued at $378,800 over the last 90 days. 2.94% of the stock is owned by insiders.

Polaris Renewable Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 22nd were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.60 dividend on an annualized basis and a yield of 4.1%. Polaris Renewable Energy’s payout ratio is presently 181.82%.

Polaris Renewable Energy Company Profile

Polaris Renewable Energy Inc is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America & the Caribbean. We are a high-performing and financially sound contributor to the energy transition. The Company’s operations include a geothermal plant (82 MW), four run-of river hydroelectric plants (39 MW), three solar (photovoltaic) projects (35 MW) and an onshore wind farm (26 MW).