National Bank Financial Analysts Decrease Earnings Estimates for Polaris Renewable Energy Inc. (TSE:PIF)

Polaris Renewable Energy Inc. (TSE:PIF) – Analysts at National Bank Financial decreased their Q2 2024 earnings estimates for shares of Polaris Renewable Energy in a research note issued on Thursday, May 2nd. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of $0.07 for the quarter, down from their prior forecast of $0.10. 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 Q3 2024 earnings at $0.08 EPS.

Separately, Raymond James cut their target price on shares of Polaris Renewable Energy from C$21.50 to C$19.00 and set a “strong-buy” rating on the stock in a research note on Thursday, April 25th.

Polaris Renewable Energy Trading Down 0.7 %

TSE PIF opened at C$12.66 on Monday. The company has a debt-to-equity ratio of 64.88, a quick ratio of 1.64 and a current ratio of 1.72. Polaris Renewable Energy has a one year low of C$11.08 and a one year high of C$15.77. The company’s 50 day moving average price is C$11.63 and its 200 day moving average price is C$12.52. The firm has a market capitalization of C$266.87 million, a price-to-earnings ratio of 16.66, a PEG ratio of 3.28 and a beta of 0.89.

Polaris Renewable Energy (TSE:PIF) last released its quarterly 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). Polaris Renewable Energy had a return on equity of 4.37% and a net margin of 14.96%. The firm had revenue of C$25.53 million during the quarter, compared to analyst estimates of C$27.11 million.

Polaris Renewable Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend is Friday, May 10th. Polaris Renewable Energy’s dividend payout ratio (DPR) is 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.