Polaris Infrastructure Inc Forecasted to Earn FY2016 Earnings of ($0.29) Per Share (PIF)
Polaris Infrastructure Inc (TSE:PIF) – Research analysts at Clarus Securities dropped their FY2016 EPS estimates for shares of Polaris Infrastructure in a research report issued on Wednesday. Clarus Securities analyst S. Kammermayer now expects that the brokerage will post earnings per share of ($0.29) for the year, down from their prior forecast of ($0.17). Clarus Securities also issued estimates for Polaris Infrastructure’s Q4 2016 earnings at $0.23 EPS, Q1 2017 earnings at $0.07 EPS, Q2 2017 earnings at $0.25 EPS, Q3 2017 earnings at $0.27 EPS, Q4 2017 earnings at $0.27 EPS and FY2017 earnings at $0.87 EPS.
Several other research analysts also recently weighed in on the stock. Mackie increased their price target on shares of Polaris Infrastructure from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research report on Friday, August 26th. Canaccord Genuity raised their price objective on shares of Polaris Infrastructure from C$12.00 to C$18.50 in a research report on Friday, August 26th.
Shares of Polaris Infrastructure (TSE:PIF) opened at 16.15 on Friday. The firm has a 50-day moving average of $16.91 and a 200 day moving average of $11.72. The company’s market capitalization is $250.53 million. Polaris Infrastructure has a 1-year low of $6.44 and a 1-year high of $18.59.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 24th. Stockholders of record on Thursday, November 24th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.72%. This is an increase from Polaris Infrastructure’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, November 16th.
Receive News & Stock Ratings for Polaris Infrastructure Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Infrastructure Inc and related stocks with our FREE daily email newsletter.