Polaris Renewable Energy Inc. (TSE:PIF) Expected to Post Q3 2024 Earnings of $0.07 Per Share

Polaris Renewable Energy Inc. (TSE:PIF) – National Bank Financial lowered their Q3 2024 earnings per share estimates for Polaris Renewable Energy in a research report issued on Thursday, August 1st. National Bank Financial analyst R. Merer now forecasts that the company will post earnings of $0.07 per share for the quarter, down from their previous estimate of $0.08. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.70 per share. National Bank Financial also issued estimates for Polaris Renewable Energy’s Q4 2024 earnings at $0.14 EPS and FY2024 earnings at $0.57 EPS.

A number of other equities analysts have also weighed in on PIF. 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 for the company in a research report on Thursday, April 25th. National Bankshares lifted their target price on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th.

Polaris Renewable Energy Trading Down 1.1 %

Shares of TSE:PIF opened at C$12.25 on Monday. The stock has a 50 day moving average of C$13.04 and a 200 day moving average of C$12.44. The company has a market cap of C$258.23 million, a PE ratio of 16.33, a price-to-earnings-growth ratio of 3.28 and a beta of 0.89. Polaris Renewable Energy has a 12-month low of C$11.08 and a 12-month high of C$15.77. The company has a current ratio of 1.87, a quick ratio of 1.64 and a debt-to-equity ratio of 63.65.

Polaris Renewable Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 12th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Monday, August 12th. This is a boost from Polaris Renewable Energy’s previous quarterly dividend of $0.15. This represents a $0.82 dividend on an annualized basis and a yield of 6.69%. Polaris Renewable Energy’s payout ratio is currently 109.33%.

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.