Q3 2024 Earnings Estimate for Altius Renewable Royalties Corp. Issued By National Bank Financial (TSE:ARR)

Altius Renewable Royalties Corp. (TSE:ARR) – Equities researchers at National Bank Financial dropped their Q3 2024 earnings estimates for Altius Renewable Royalties in a research note issued on Sunday, May 5th. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of ($0.01) for the quarter, down from their prior forecast of $0.01. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.05 per share.

Separately, TD Securities lifted their target price on Altius Renewable Royalties from C$11.50 to C$12.50 and gave the company a “buy” rating in a research report on Friday, March 1st. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$11.90.

Altius Renewable Royalties Trading Up 0.3 %

Shares of TSE:ARR opened at C$9.31 on Tuesday. The company’s 50-day moving average price is C$9.03 and its two-hundred day moving average price is C$8.16. Altius Renewable Royalties has a one year low of C$6.60 and a one year high of C$9.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 209.99 and a quick ratio of 102.67. The stock has a market capitalization of C$286.65 million, a PE ratio of -185.60 and a beta of 0.96.

Altius Renewable Royalties (TSE:ARR) last announced its earnings results on Thursday, May 2nd. The company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.05). The firm had revenue of C$1.47 million during the quarter, compared to analyst estimates of C$1.50 million. Altius Renewable Royalties had a negative net margin of 227.79% and a negative return on equity of 0.60%.

Altius Renewable Royalties Company Profile

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.