Raymond James Trims Polaris Renewable Energy (TSE:PIF) Target Price to C$19.00

Polaris Renewable Energy (TSE:PIF) had its price objective cut by Raymond James from C$21.50 to C$19.00 in a research note released on Thursday, BayStreet.CA reports. They currently have a strong-buy rating on the stock. Raymond James also issued estimates for Polaris Renewable Energy’s Q2 2024 earnings at $0.11 EPS, Q3 2024 earnings at $0.15 EPS, Q4 2024 earnings at $0.19 EPS, FY2024 earnings at $0.56 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.64 EPS.

Polaris Renewable Energy Trading Up 0.6 %

Shares of PIF stock opened at C$11.57 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.64 and a debt-to-equity ratio of 64.88. The stock has a market cap of C$243.90 million, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 3.28 and a beta of 0.89. The stock has a 50 day simple moving average of C$11.65 and a 200 day simple moving average of C$12.58. Polaris Renewable Energy has a 1 year low of C$11.08 and a 1 year high of C$15.77.

Polaris Renewable Energy (TSE:PIF) last released its earnings results on Thursday, February 22nd. The company reported C$0.10 earnings per share for the quarter, missing the consensus estimate of C$0.13 by C($0.03). Polaris Renewable Energy had a return on equity of 4.37% and a net margin of 14.96%. The business had revenue of C$25.53 million for the quarter, compared to the consensus estimate of C$27.11 million. On average, research analysts predict that Polaris Renewable Energy will post 0.5694106 earnings per share for the current fiscal year.

Polaris Renewable Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.19%. The ex-dividend date was Friday, February 9th. Polaris Renewable Energy’s payout ratio is presently 106.58%.

About Polaris Renewable Energy

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.