Q2 2024 EPS Estimates for Polaris Renewable Energy Inc. (TSE:PIF) Cut by Analyst

Polaris Renewable Energy Inc. (TSE:PIF) – Analysts at National Bank Financial lowered their Q2 2024 earnings estimates for shares of Polaris Renewable Energy in a report released on Thursday, May 2nd. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of $0.07 for the quarter, down from their prior forecast of $0.10. 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 Q3 2024 earnings at $0.08 EPS.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.10 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of C$27.11 million.

Separately, Raymond James dropped their price target on shares of Polaris Renewable Energy from C$21.50 to C$19.00 and set a “strong-buy” rating on the stock in a research note on Thursday, April 25th.

Polaris Renewable Energy Stock Performance

Polaris Renewable Energy stock opened at C$12.75 on Monday. The firm has a market capitalization of C$268.77 million, a PE ratio of 16.78, a price-to-earnings-growth ratio of 3.28 and a beta of 0.89. The stock’s 50 day moving average price is C$11.62 and its 200 day moving average price is C$12.52. The company has a debt-to-equity ratio of 64.88, a quick ratio of 1.64 and a current ratio of 1.72. Polaris Renewable Energy has a one year low of C$11.08 and a one year high of C$15.77.

Polaris Renewable Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, May 10th. This represents a $0.60 annualized dividend and a yield of 4.71%. Polaris Renewable Energy’s dividend payout ratio 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.