Q1 2024 EPS Estimates for Polaris Renewable Energy Inc. (TSE:PIF) Lifted by National Bank Financial

Polaris Renewable Energy Inc. (TSE:PIF) – Investment analysts at National Bank Financial lifted their Q1 2024 earnings estimates for shares of Polaris Renewable Energy in a research note issued to investors on Tuesday, April 16th. National Bank Financial analyst R. Merer now anticipates that the company will earn $0.19 per share for the quarter, up from their prior forecast of $0.16. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.57 per share. National Bank Financial also issued estimates for Polaris Renewable Energy’s Q2 2024 earnings at $0.10 EPS, Q3 2024 earnings at $0.10 EPS, Q4 2024 earnings at $0.18 EPS, FY2024 earnings at $0.55 EPS and FY2025 earnings at $1.05 EPS.

Polaris Renewable Energy Price Performance

PIF stock opened at C$11.86 on Thursday. The stock has a 50-day moving average price of C$11.74 and a two-hundred day moving average price of C$12.65. The stock has a market cap of C$250.01 million, a PE ratio of 15.61, a price-to-earnings-growth ratio of 3.28 and a beta of 0.89. The company has a current ratio of 1.72, a quick ratio of 1.64 and a debt-to-equity ratio of 64.88. Polaris Renewable Energy has a 1 year low of C$11.08 and a 1 year high of C$15.77.

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

Polaris Renewable Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend was Friday, February 9th. Polaris Renewable Energy’s dividend payout ratio (DPR) is presently 106.58%.

About Polaris Renewable Energy

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.