Q1 2024 EPS Estimates for Altius Renewable Royalties Corp. (TSE:ARR) Increased by Analyst

Altius Renewable Royalties Corp. (TSE:ARR) – Investment analysts at National Bank Financial upped their Q1 2024 EPS estimates for Altius Renewable Royalties in a research report issued to clients and investors on Monday, April 22nd. National Bank Financial analyst R. Merer now forecasts that the company will earn $0.04 per share for the quarter, up from their previous forecast of $0.01. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.03 per share. National Bank Financial also issued estimates for Altius Renewable Royalties’ Q4 2024 earnings at $0.04 EPS and FY2024 earnings at $0.08 EPS.

Several other equities analysts also recently issued reports on the stock. National Bankshares upped their price objective on shares of Altius Renewable Royalties from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. TD Securities increased their price target on shares of Altius Renewable Royalties from C$11.50 to C$12.50 and gave the stock a “buy” rating in a research note on Friday, March 1st. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$11.90.

Altius Renewable Royalties Stock Performance

Shares of ARR opened at C$9.45 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 102.67 and a current ratio of 233.62. The company has a market capitalization of C$290.97 million, a price-to-earnings ratio of -189.00 and a beta of 0.96. The company’s 50 day simple moving average is C$8.80 and its 200 day simple moving average is C$8.14. Altius Renewable Royalties has a 1 year low of C$6.60 and a 1 year high of C$9.75.

Altius Renewable Royalties (TSE:ARR) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$1.32 million during the quarter, compared to analysts’ expectations of C$0.62 million. Altius Renewable Royalties had a negative net margin of 40.19% and a negative return on equity of 0.54%.

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.