Polaris Renewable Energy Inc. Expected to Earn Q2 2024 Earnings of $0.15 Per Share (TSE:PIF)

Polaris Renewable Energy Inc. (TSE:PIF) – Research analysts at Cormark issued their Q2 2024 EPS estimates for shares of Polaris Renewable Energy in a report issued on Tuesday, July 23rd. Cormark analyst N. Boychuk expects that the company will post earnings per share of $0.15 for the quarter. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.70 per share. Cormark also issued estimates for Polaris Renewable Energy’s FY2025 earnings at $0.77 EPS.

Polaris Renewable Energy (TSE:PIF) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.10. The firm had revenue of C$27.82 million during the quarter, compared to analysts’ expectations of C$28.01 million. Polaris Renewable Energy had a return on equity of 4.21% and a net margin of 14.42%.

PIF has been the subject of a number of other reports. Raymond James dropped their price objective 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 note on Thursday, April 25th. National Bankshares increased their target price on 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.

Polaris Renewable Energy Trading Up 2.4 %

TSE:PIF opened at C$12.97 on Thursday. Polaris Renewable Energy has a 52-week low of C$11.08 and a 52-week high of C$15.77. The company has a quick ratio of 1.64, a current ratio of 1.87 and a debt-to-equity ratio of 63.65. The stock has a fifty day simple moving average of C$13.01 and a 200-day simple moving average of C$12.47. The company has a market capitalization of C$273.41 million, a PE ratio of 17.29, a price-to-earnings-growth ratio of 3.28 and a beta of 0.89.

Polaris Renewable Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.60 dividend on an annualized basis and a yield of 4.63%. Polaris Renewable Energy’s payout ratio is 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.