Clarus Securities Weighs in on Polaris Infrastructure Inc’s Q4 2017 Earnings (PIF)
Polaris Infrastructure Inc (TSE:PIF) – Research analysts at Clarus Securities lowered their Q4 2017 earnings estimates for shares of Polaris Infrastructure in a research report issued to clients and investors on Wednesday. Clarus Securities analyst S. Kammermayer now expects that the company will earn $0.09 per share for the quarter, down from their previous forecast of $0.15. Clarus Securities also issued estimates for Polaris Infrastructure’s Q1 2018 earnings at $0.12 EPS, Q2 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $0.93 EPS.
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Polaris Infrastructure (PIF) opened at C$18.41 on Friday. Polaris Infrastructure has a 1-year low of C$13.15 and a 1-year high of C$19.98.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 27th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, November 15th. This is an increase from Polaris Infrastructure’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.26%. Polaris Infrastructure’s payout ratio is currently 159.09%.
In related news, insider Goodwood Inc. bought 3,200 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was bought at an average cost of C$16.50 per share, with a total value of C$52,800.00. Over the last ninety days, insiders acquired 6,600 shares of company stock valued at $108,900.
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