Raymond James Analysts Lower Earnings Estimates for Polaris Renewable Energy Inc. (TSE:PIF)

Polaris Renewable Energy Inc. (TSE:PIF) – Investment analysts at Raymond James lowered their Q2 2024 earnings per share estimates for shares of Polaris Renewable Energy in a research report issued on Thursday, April 25th. Raymond James analyst D. Quezada now expects that the company will earn $0.11 per share for the quarter, down from their previous estimate of $0.14. Raymond James has a “Strong-Buy” rating and a $19.00 price target on the stock. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.57 per share. Raymond James also issued estimates for Polaris Renewable Energy’s Q3 2024 earnings at $0.15 EPS, Q4 2024 earnings at $0.19 EPS, FY2024 earnings at $0.56 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.64 EPS.

Polaris Renewable Energy Trading Up 0.6 %

PIF opened at C$11.57 on Friday. The business has a fifty day moving average price of C$11.67 and a 200 day moving average price of C$12.61. The company has a debt-to-equity ratio of 64.88, a current ratio of 1.72 and a quick ratio of 1.64. Polaris Renewable Energy has a 12 month low of C$11.08 and a 12 month high of C$15.77. The stock has a market capitalization of C$243.90 million, a price-to-earnings ratio of 15.22, a PEG ratio of 3.28 and a beta of 0.89.

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

Polaris Renewable Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were paid a $0.15 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.60 dividend on an annualized basis and a yield of 5.19%. Polaris Renewable Energy’s dividend payout ratio is currently 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.