Polaris Renewable Energy Inc. Expected to Earn Q1 2024 Earnings of $0.21 Per Share (TSE:PIF)

Polaris Renewable Energy Inc. (TSE:PIF) – Analysts at Cormark issued their Q1 2024 earnings estimates for Polaris Renewable Energy in a report issued on Wednesday, May 1st. Cormark analyst N. Boychuk expects that the company will earn $0.21 per share for the quarter. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.57 per share.

Separately, Raymond James lowered their price objective on shares of Polaris Renewable Energy from C$21.50 to C$19.00 and set a “strong-buy” rating on the stock in a research note on Thursday, April 25th.

Polaris Renewable Energy Stock Up 0.7 %

PIF stock opened at C$11.65 on Thursday. The company has a market cap of C$245.58 million, a price-to-earnings ratio of 15.25, a P/E/G ratio of 3.28 and a beta of 0.89. The company has a debt-to-equity ratio of 64.88, a quick ratio of 1.64 and a current ratio of 1.72. The business’s 50-day moving average is C$11.62 and its two-hundred day moving average is C$12.56. Polaris Renewable Energy has a fifty-two week low of C$11.08 and a fifty-two week high of C$15.77.

Polaris Renewable Energy (TSE:PIF) last released its quarterly 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 net margin of 14.96% and a return on equity of 4.37%. The firm had revenue of C$25.53 million for the quarter, compared to the consensus estimate of C$27.11 million.

Polaris Renewable Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.60 annualized dividend and a yield of 5.15%. Polaris Renewable Energy’s dividend payout ratio (DPR) 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.