Cormark Expects Lower Earnings for Polaris Renewable Energy

Polaris Renewable Energy Inc. (TSE:PIF) – Equities research analysts at Cormark cut their FY2025 earnings per share estimates for shares of Polaris Renewable Energy in a report released on Monday, April 28th. Cormark analyst N. Boychuk now anticipates that the company will post earnings per share of $0.01 for the year, down from their prior estimate of $0.03. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share. Cormark also issued estimates for Polaris Renewable Energy’s FY2026 earnings at $1.00 EPS.

A number of other analysts have also recently issued reports on the stock. Raymond James raised shares of Polaris Renewable Energy to a “strong-buy” rating in a research note on Friday, February 21st. National Bankshares dropped their price objective on Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th.

Polaris Renewable Energy Stock Up 1.4 %

PIF stock opened at C$12.00 on Tuesday. The business’s 50-day moving average price is C$11.79 and its 200-day moving average price is C$12.46. The stock has a market cap of C$178.34 million, a P/E ratio of 24.86, a PEG ratio of 3.28 and a beta of 0.97. The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 57.48. Polaris Renewable Energy has a twelve month low of C$10.70 and a twelve month high of C$13.85.

Polaris Renewable Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 28th were issued a $0.15 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 5.00%. Polaris Renewable Energy’s dividend payout ratio (DPR) is 169.88%.

Insider Buying and Selling

In related news, Director Marc Murnaghan sold 2,301 shares of Polaris Renewable Energy stock in a transaction dated Monday, February 10th. The stock was sold at an average price of C$12.52, for a total value of C$28,808.52. 2.94% of the stock is owned by company insiders.

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.