Q1 2024 EPS Estimates for Polaris Renewable Energy Inc. (TSE:PIF) Lowered by Analyst

Polaris Renewable Energy Inc. (TSE:PIF) – Research analysts at Raymond James decreased their Q1 2024 earnings per share (EPS) estimates for Polaris Renewable Energy in a research report issued on Thursday, April 25th. Raymond James analyst D. Quezada now forecasts that the company will post earnings per share of $0.11 for the quarter, down from their previous forecast of $0.14. Raymond James currently has a “Strong-Buy” rating and a $19.00 price target on the stock. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.57 per share.

Polaris Renewable Energy Stock Down 0.4 %

TSE PIF opened at C$11.57 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 stock has a market capitalization of C$243.90 million, a PE ratio of 15.26, a PEG ratio of 3.28 and a beta of 0.89. Polaris Renewable Energy has a 1 year low of C$11.08 and a 1 year high of C$15.77. The business’s 50-day moving average is C$11.64 and its 200 day moving average is C$12.57.

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

Polaris Renewable Energy Dividend Announcement

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

Polaris Renewable Energy Company Profile

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.