Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Equities research analysts at Clarus Securities lowered their FY2024 EPS estimates for shares of Polaris Renewable Energy in a report issued on Friday, November 1st. Clarus Securities analyst S. Kammermayer now expects that the company will post earnings per share of $0.44 for the year, down from their prior forecast of $0.52. The consensus estimate for Polaris Renewable Energy's current full-year earnings is $0.65 per share. Clarus Securities also issued estimates for Polaris Renewable Energy's Q4 2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.65 EPS, Q1 2026 earnings at $0.23 EPS, Q2 2026 earnings at $0.28 EPS, Q3 2026 earnings at $0.26 EPS and FY2026 earnings at $1.01 EPS.
Several other equities research analysts have also recently issued reports on the stock. Raymond James raised their price target on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a "strong-buy" rating in a research note on Friday. National Bankshares raised their target price on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 16th.
View Our Latest Research Report on PIF
Polaris Renewable Energy stock opened at C$12.10 on Monday. The stock has a 50-day moving average price of C$12.31 and a 200 day moving average price of C$12.50. Polaris Renewable Energy has a 52 week low of C$11.08 and a 52 week high of C$14.14. The stock has a market cap of C$255.07 million, a PE ratio of 24.20, a P/E/G ratio of 3.28 and a beta of 0.97. The company has a current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63.
Polaris Renewable Energy (TSE:PIF - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.07 earnings per share for the quarter, missing analysts' consensus estimates of C$0.10 by C($0.03). The company had revenue of C$25.59 million during the quarter, compared to analyst estimates of C$25.50 million. Polaris Renewable Energy had a return on equity of 2.88% and a net margin of 10.08%.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be paid a $0.203 dividend. This represents a $0.81 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date is Friday, November 8th. Polaris Renewable Energy's payout ratio is 164.00%.
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.
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