Q2 2024 Earnings Forecast for Polaris Renewable Energy Inc. Issued By Raymond James (TSE:PIF)

Polaris Renewable Energy Inc. (TSE:PIF) – Raymond James lowered their Q2 2024 EPS estimates for shares of Polaris Renewable Energy in a research note issued on Thursday, April 25th. Raymond James analyst D. Quezada now forecasts that the company will post earnings of $0.11 per share for the quarter, down from their prior estimate of $0.14. Raymond James has a “Strong-Buy” rating and a $19.00 price objective 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 Price Performance

Shares of PIF opened at C$11.57 on Friday. The firm has a market cap of C$243.90 million, a PE ratio of 15.22, a P/E/G ratio of 3.28 and a beta of 0.89. The company has a current ratio of 1.72, a quick ratio of 1.64 and a debt-to-equity ratio of 64.88. The firm has a fifty day simple moving average of C$11.65 and a two-hundred day simple moving average of C$12.59. Polaris Renewable Energy has a 1-year low of C$11.08 and a 1-year high of C$15.77.

Polaris Renewable Energy (TSE:PIF) last announced its earnings results on Thursday, February 22nd. The company reported C$0.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend 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 presently 106.58%.

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.