What is Clarus Securities’ Estimate for TSE:PIF Q2 Earnings?

Polaris Renewable Energy Inc. (TSE:PIF) – Equities research analysts at Clarus Securities dropped their Q2 2027 earnings per share estimates for shares of Polaris Renewable Energy in a research note issued on Wednesday, June 10th. Clarus Securities analyst S. Kammermayer now forecasts that the company will post earnings of $0.03 per share for the quarter, down from their previous forecast of $0.23. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share. Clarus Securities also issued estimates for Polaris Renewable Energy’s Q3 2027 earnings at $0.28 EPS and Q4 2027 earnings at $0.26 EPS.

Separately, Raymond James Financial dropped their price objective on Polaris Renewable Energy from C$20.00 to C$18.25 and set an “outperform” rating on the stock in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$19.63.

Polaris Renewable Energy Price Performance

PIF stock opened at C$14.53 on Friday. The company has a quick ratio of 1.64, a current ratio of 4.90 and a debt-to-equity ratio of 91.92. Polaris Renewable Energy has a 52-week low of C$11.55 and a 52-week high of C$14.89. The stock’s 50 day moving average is C$12.90 and its two-hundred day moving average is C$12.37. The company has a market capitalization of C$303.71 million, a PE ratio of 44.03, a P/E/G ratio of 3.28 and a beta of 0.62.

Polaris Renewable Energy (TSE:PIF) last posted its quarterly earnings data on Thursday, May 7th. The company reported C($0.04) earnings per share (EPS) for the quarter. Polaris Renewable Energy had a return on equity of 2.96% and a net margin of 9.00%.The business had revenue of C$27.48 million for the quarter.

Insider Activity at Polaris Renewable Energy

In other news, Director Marc Murnaghan sold 20,000 shares of Polaris Renewable Energy stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of C$12.56, for a total value of C$251,200.00. Following the completion of the transaction, the director owned 488,501 shares in the company, valued at approximately C$6,135,572.56. This trade represents a 3.93% decrease in their position. In the last ninety days, insiders purchased 30,000 shares of company stock valued at $378,800. 2.94% of the stock is currently owned by company insiders.

Polaris Renewable Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 22nd were given a $0.15 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 4.1%. Polaris Renewable Energy’s dividend payout ratio (DPR) is presently 181.82%.

About Polaris Renewable Energy

Polaris Renewable Energy Inc is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America & the Caribbean. We are a high-performing and financially sound contributor to the energy transition. The Company’s operations include a geothermal plant (82 MW), four run-of river hydroelectric plants (39 MW), three solar (photovoltaic) projects (35 MW) and an onshore wind farm (26 MW).