National Bank Financial Comments on Polaris Renewable Energy Inc.’s Q1 2024 Earnings (TSE:PIF)

Polaris Renewable Energy Inc. (TSE:PIF) – Equities research analysts at National Bank Financial lifted their Q1 2024 earnings per share (EPS) estimates for Polaris Renewable Energy in a note issued to investors on Tuesday, April 16th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.16. 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 Q2 2024 earnings at $0.10 EPS, Q3 2024 earnings at $0.10 EPS, Q4 2024 earnings at $0.18 EPS, FY2024 earnings at $0.55 EPS and FY2025 earnings at $1.05 EPS.

Polaris Renewable Energy Price Performance

Shares of Polaris Renewable Energy stock opened at C$11.79 on Thursday. The stock’s 50-day simple moving average is C$11.76 and its 200-day simple moving average is C$12.67. Polaris Renewable Energy has a 52 week low of C$11.08 and a 52 week high of C$15.77. The company has a market capitalization of C$248.53 million, a price-to-earnings ratio of 15.51, a PEG ratio of 3.28 and a beta of 0.89. The company has a quick ratio of 1.64, a current ratio of 1.72 and a debt-to-equity ratio of 64.88.

Polaris Renewable Energy (TSE:PIF) last released its earnings results on Thursday, February 22nd. The company reported C$0.10 earnings per share for the quarter, missing the consensus estimate of C$0.13 by C($0.03). The company had revenue of C$25.53 million for 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.60 annualized dividend and a dividend yield of 5.09%. Polaris Renewable Energy’s payout ratio is 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.