Polaris Renewable Energy Inc. (TSE:PIF – Free Report) – Cormark reduced their FY2024 EPS estimates for shares of Polaris Renewable Energy in a note issued to investors on Tuesday, July 23rd. Cormark analyst N. Boychuk now expects that the company will earn $0.70 per share for the year, down from their prior estimate of $0.71. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.70 per share.
A number of other equities research analysts have also recently issued reports on PIF. Raymond James dropped their target price 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 report on Thursday, April 25th. National Bankshares increased their price target on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th.
Get Our Latest Analysis on Polaris Renewable Energy
Polaris Renewable Energy Stock Up 2.4 %
Shares of PIF stock opened at C$12.97 on Friday. The company has a debt-to-equity ratio of 63.65, a quick ratio of 1.64 and a current ratio of 1.87. The firm’s 50-day moving average is C$13.01 and its 200-day moving average is C$12.47. The stock has a market cap of C$273.41 million, a price-to-earnings ratio of 17.29, a PEG ratio of 3.28 and a beta of 0.89. Polaris Renewable Energy has a 52-week low of C$11.08 and a 52-week high of C$15.77.
Polaris Renewable Energy (TSE:PIF – Get Free Report) last issued its earnings results on Thursday, May 2nd. The company reported C$0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.10. The company had revenue of C$27.82 million for the quarter, compared to analysts’ expectations of C$28.01 million. Polaris Renewable Energy had a net margin of 14.42% and a return on equity of 4.21%.
Polaris Renewable Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, May 10th. This represents a $0.60 annualized dividend and a dividend yield of 4.63%. Polaris Renewable Energy’s dividend payout ratio is presently 109.33%.
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.
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