National Bank Financial Weighs in on Altius Renewable Royalties Corp.’s Q3 2024 Earnings (TSE:ARR)

Altius Renewable Royalties Corp. (TSE:ARRFree Report) – Investment analysts at National Bank Financial lowered their Q3 2024 earnings per share estimates for Altius Renewable Royalties in a note issued to investors on Sunday, May 5th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings per share of ($0.01) for the quarter, down from their prior forecast of $0.01. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.05 per share.

Altius Renewable Royalties (TSE:ARRGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported C($0.01) EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.05). The company had revenue of C$1.47 million for the quarter, compared to analyst estimates of C$1.50 million. Altius Renewable Royalties had a negative return on equity of 0.60% and a negative net margin of 227.79%.

A number of other analysts have also commented on the company. National Bankshares boosted their price target on 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 boosted their target price on Altius Renewable Royalties from C$11.50 to C$12.50 and gave the company a “buy” rating in a research note on Friday, March 1st. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Altius Renewable Royalties has an average rating of “Buy” and an average price target of C$11.90.

Check Out Our Latest Stock Analysis on ARR

Altius Renewable Royalties Trading Up 1.2 %

Shares of TSE:ARR opened at C$9.38 on Tuesday. The firm has a market cap of C$288.81 million, a price-to-earnings ratio of -187.60 and a beta of 0.96. The company has a quick ratio of 102.67, a current ratio of 209.99 and a debt-to-equity ratio of 0.12. Altius Renewable Royalties has a 12 month low of C$6.60 and a 12 month high of C$9.75. The company’s fifty day simple moving average is C$8.98 and its 200 day simple moving average is C$8.15.

Altius Renewable Royalties Company Profile

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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.

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Earnings History and Estimates for Altius Renewable Royalties (TSE:ARR)

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