TSE:PIF FY2026 EPS Estimate Lowered by Clarus Securities

Polaris Renewable Energy Inc. (TSE:PIF) – Analysts at Clarus Securities cut their FY2026 earnings per share (EPS) estimates for Polaris Renewable Energy in a research note issued on Thursday, August 6th. Clarus Securities analyst S. Kammermayer now forecasts that the company will earn ($0.08) per share for the year, down from their previous forecast of $0.03. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share. Clarus Securities also issued estimates for Polaris Renewable Energy’s Q2 2027 earnings at $0.07 EPS, Q3 2027 earnings at ($0.07) EPS, FY2027 earnings at $0.07 EPS, Q1 2028 earnings at ($0.01) EPS, Q2 2028 earnings at ($0.04) EPS and FY2028 earnings at $0.36 EPS.

Polaris Renewable Energy (TSE:PIF) last issued its quarterly earnings results on Thursday, July 30th. The company reported C($0.06) EPS for the quarter. Polaris Renewable Energy had a net margin of 5.34% and a return on equity of 1.73%. The business had revenue of C$28.32 million for the quarter.

Polaris Renewable Energy Stock Down 1.6%

Shares of TSE:PIF opened at C$14.98 on Tuesday. Polaris Renewable Energy has a 1 year low of C$11.55 and a 1 year high of C$16.08. The company has a market capitalization of C$313.11 million, a PE ratio of 78.84, a price-to-earnings-growth ratio of 3.28 and a beta of 0.55. The business has a fifty day moving average price of C$15.05 and a two-hundred day moving average price of C$13.36. The company has a debt-to-equity ratio of 93.21, a current ratio of 4.75 and a quick ratio of 1.64.

Polaris Renewable Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 21st will be given a dividend of $0.15 per share. The ex-dividend date is Monday, August 10th. This represents a $0.60 annualized dividend and a yield of 4.0%. Polaris Renewable Energy’s dividend payout ratio is presently 315.79%.

Insiders Place Their Bets

In related news, Director Marc Murnaghan sold 20,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of C$12.56, for a total transaction of C$251,200.00. Following the completion of the sale, the director owned 488,501 shares in the company, valued at approximately C$6,135,572.56. This trade represents a 3.93% decrease in their ownership of the stock. Insiders have bought a total of 25,000 shares of company stock worth $318,100 in the last three months. 2.94% of the stock is currently owned by corporate insiders.

Polaris Renewable Energy Company Profile

Polaris Renewable Energy Inc is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America & the Caribbean. We are a high-performing and financially sound contributor to the energy transition. The Company’s operations include a geothermal plant (82 MW), four run-of river hydroelectric plants (39 MW), three solar (photovoltaic) projects (35 MW) and an onshore wind farm (26 MW).