Clarus Securities Comments on TSE:PIF FY2028 Earnings

Polaris Renewable Energy Inc. (TSE:PIF) – Clarus Securities issued their FY2028 earnings per share (EPS) estimates for shares of Polaris Renewable Energy in a report issued on Wednesday, June 10th. Clarus Securities analyst S. Kammermayer expects that the company will post earnings of $0.35 per share for the year. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share.

Separately, Raymond James Financial lowered 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 research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$19.63.

Polaris Renewable Energy Trading Down 1.4%

PIF stock opened at C$14.57 on Thursday. The company has a current ratio of 4.90, a quick ratio of 1.64 and a debt-to-equity ratio of 91.92. Polaris Renewable Energy has a 12-month low of C$11.55 and a 12-month high of C$14.89. The stock has a market cap of C$304.54 million, a price-to-earnings ratio of 44.15, a PEG ratio of 3.28 and a beta of 0.62. The business’s 50-day moving average is C$12.86 and its 200 day moving average is C$12.36.

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 firm had revenue of C$27.48 million during the quarter.

Insider Buying and Selling at Polaris Renewable Energy

In other news, Director Marc Murnaghan sold 20,000 shares of the business’s 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 transaction of C$251,200.00. Following the transaction, the director directly owned 488,501 shares in the company, valued at C$6,135,572.56. The trade was a 3.93% decrease in their position. In the last 90 days, insiders purchased 30,000 shares of company stock worth $378,800. Insiders own 2.94% of the company’s stock.

Polaris Renewable Energy Announces Dividend

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

Polaris Renewable Energy Company Profile

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).