Brokers Issue Forecasts for Polaris Renewable Energy Inc.’s Q2 2024 Earnings (TSE:PIF)

Polaris Renewable Energy Inc. (TSE:PIF) – Stock analysts at National Bank Financial lowered their Q2 2024 earnings estimates for Polaris Renewable Energy in a report issued on Thursday, May 2nd. National Bank Financial analyst R. Merer now anticipates that the company will post earnings per share of $0.07 for the quarter, down from their prior forecast of $0.10. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.57 per share. National Bank Financial also issued estimates for Polaris Renewable Energy’s Q3 2024 earnings at $0.08 EPS.

Polaris Renewable Energy (TSE:PIF) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.03). The business had revenue of C$25.53 million for the quarter, compared to analyst estimates of C$27.11 million. Polaris Renewable Energy had a net margin of 14.96% and a return on equity of 4.37%.

Separately, Raymond James dropped their price target 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 report on Thursday, April 25th.

Polaris Renewable Energy Stock Down 0.7 %

PIF opened at C$12.66 on Monday. The company has a debt-to-equity ratio of 64.88, a current ratio of 1.72 and a quick ratio of 1.64. The company’s 50-day moving average is C$11.63 and its 200 day moving average is C$12.52. Polaris Renewable Energy has a fifty-two week low of C$11.08 and a fifty-two week high of C$15.77. The firm has a market capitalization of C$266.87 million, a P/E ratio of 16.66, a PEG ratio of 3.28 and a beta of 0.89.

Polaris Renewable Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Friday, May 10th. Polaris Renewable Energy’s dividend payout ratio is currently 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.