Q1 2024 EPS Estimates for Altius Renewable Royalties Corp. Reduced by Raymond James (TSE:ARR)

Altius Renewable Royalties Corp. (TSE:ARR) – Equities researchers at Raymond James cut their Q1 2024 earnings estimates for Altius Renewable Royalties in a research note issued to investors on Thursday, April 25th. Raymond James analyst D. Quezada now expects that the company will post earnings of $0.07 per share for the quarter, down from their prior estimate of $0.08. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.03 per share. Raymond James also issued estimates for Altius Renewable Royalties’ Q1 2025 earnings at $0.10 EPS, Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.04 EPS and Q4 2025 earnings at $0.11 EPS.

Altius Renewable Royalties (TSE:ARR) last issued its earnings results on Wednesday, March 6th. The company reported C($0.01) earnings per share for the quarter. Altius Renewable Royalties had a negative return on equity of 0.54% and a negative net margin of 40.19%. The firm had revenue of C$1.32 million for the quarter, compared to analyst estimates of C$0.62 million.

Other equities analysts also recently issued reports about the stock. National Bankshares upped their price objective on shares of Altius Renewable Royalties from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. TD Securities upped their price objective on shares of Altius Renewable Royalties from C$11.50 to C$12.50 and gave the company a “buy” rating in a report on Friday, March 1st. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$11.90.

Altius Renewable Royalties Price Performance

Altius Renewable Royalties has a fifty-two week low of C$6.60 and a fifty-two week high of C$9.75. The firm has a market capitalization of C$292.51 million, a P/E ratio of -190.00 and a beta of 0.96. The company has a 50 day moving average of C$8.83 and a two-hundred day moving average of C$8.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 102.67 and a current ratio of 233.62.

About Altius Renewable Royalties

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.