Cormark Weighs in on Polaris Renewable Energy Inc.’s Q1 2024 Earnings (TSE:PIF)

Polaris Renewable Energy Inc. (TSE:PIF) – Research analysts at Cormark issued their Q1 2024 EPS estimates for shares of Polaris Renewable Energy in a research note issued on Wednesday, May 1st. Cormark analyst N. Boychuk anticipates that the company will post earnings per share of $0.21 for the quarter. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.57 per share.

Separately, Raymond James reduced their price objective on Polaris Renewable Energy from C$21.50 to C$19.00 and set a “strong-buy” rating for the company in a research report on Thursday, April 25th.

Polaris Renewable Energy Stock Up 2.0 %

TSE:PIF opened at C$12.29 on Thursday. The firm has a market capitalization of C$259.07 million, a PE ratio of 16.24, a price-to-earnings-growth ratio of 3.28 and a beta of 0.89. Polaris Renewable Energy has a 52 week low of C$11.08 and a 52 week high of C$15.77. The company has a current ratio of 1.72, a quick ratio of 1.64 and a debt-to-equity ratio of 64.88. The stock has a 50 day moving average of C$11.60 and a 200-day moving average of C$12.55.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.10 earnings per share for the quarter, missing the consensus estimate of C$0.13 by C($0.03). Polaris Renewable Energy had a return on equity of 4.37% and a net margin of 14.96%. The business had revenue of C$25.53 million for the quarter, compared to analyst estimates of C$27.11 million.

Polaris Renewable Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 24th will be given a $0.15 dividend. The ex-dividend date is Friday, May 10th. This represents a $0.60 annualized dividend and a yield of 4.88%. Polaris Renewable Energy’s dividend payout ratio is presently 106.58%.

Polaris Renewable Energy Company Profile

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.