FY2024 Earnings Estimate for Altius Renewable Royalties Corp. (TSE:ARR) Issued By Cormark

Altius Renewable Royalties Corp. (TSE:ARR) – Cormark decreased their FY2024 earnings estimates for Altius Renewable Royalties in a research note issued to investors on Monday, May 6th. Cormark analyst N. Boychuk now anticipates that the company will earn $0.16 per share for the year, down from their previous forecast of $0.36. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.05 per share.

Separately, TD Securities increased 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 equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Altius Renewable Royalties presently has an average rating of “Buy” and a consensus price target of C$11.90.

Altius Renewable Royalties Trading Up 0.3 %

Shares of TSE ARR opened at C$9.31 on Thursday. The company’s 50 day simple moving average is C$9.06 and its 200 day simple moving average is C$8.16. 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$286.65 million, a P/E ratio of -186.20 and a beta of 0.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 209.99 and a quick ratio of 102.67.

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

Altius Renewable Royalties Company Profile

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.