Q3 2024 EPS Estimates for Polaris Renewable Energy Inc. (TSE:PIF) Cut by Analyst

Polaris Renewable Energy Inc. (TSE:PIF) – Equities researchers at National Bank Financial lowered their Q3 2024 earnings per share estimates for Polaris Renewable Energy in a research report issued on Tuesday, October 15th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.07. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share. National Bank Financial also issued estimates for Polaris Renewable Energy’s FY2024 earnings at $0.50 EPS and FY2025 earnings at $0.84 EPS.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.07 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.03). The company had revenue of C$25.59 million during the quarter, compared to the consensus estimate of C$25.50 million. Polaris Renewable Energy had a net margin of 10.08% and a return on equity of 2.88%.

Separately, National Bankshares increased their price objective on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th.

Polaris Renewable Energy Trading Up 1.9 %

TSE:PIF opened at C$12.56 on Thursday. Polaris Renewable Energy has a 12 month low of C$11.08 and a 12 month high of C$14.14. The company has a current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63. The stock has a market capitalization of C$264.76 million, a price-to-earnings ratio of 25.12, a PEG ratio of 3.28 and a beta of 0.97. The firm has a fifty day simple moving average of C$12.20 and a two-hundred day simple moving average of C$12.44.

Polaris Renewable Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date of this dividend was Monday, August 12th. This is a boost from Polaris Renewable Energy’s previous quarterly dividend of $0.15. Polaris Renewable Energy’s dividend payout ratio is 164.00%.

Polaris Renewable Energy Company Profile

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.