Research Analysts Offer Predictions for Altius Renewable Royalties Corp.’s Q2 2024 Earnings (TSE:ARR)

Altius Renewable Royalties Corp. (TSE:ARR) – Stock analysts at Cormark issued their Q2 2024 earnings per share estimates for Altius Renewable Royalties in a research report issued to clients and investors on Tuesday, July 23rd. Cormark analyst N. Boychuk anticipates that the company will post earnings per share of $0.06 for the quarter. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.05 per share. Cormark also issued estimates for Altius Renewable Royalties’ FY2024 earnings at $0.15 EPS.

Altius Renewable Royalties (TSE:ARR) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.05). Altius Renewable Royalties had a negative net margin of 227.79% and a negative return on equity of 0.60%. The company had revenue of C$1.47 million for the quarter, compared to analysts’ expectations of C$1.50 million.

Separately, Ventum Financial increased their target price on Altius Renewable Royalties from C$13.00 to C$14.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$12.50.

Altius Renewable Royalties Trading Down 0.5 %

Shares of Altius Renewable Royalties stock opened at C$9.50 on Thursday. Altius Renewable Royalties has a twelve month low of C$6.60 and a twelve month high of C$9.75. The company has a quick ratio of 102.67, a current ratio of 209.99 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of C$9.17 and a 200-day moving average price of C$8.61. The firm has a market cap of C$292.51 million, a price-to-earnings ratio of -158.33 and a beta of 0.95.

About Altius Renewable Royalties

Altius Renewable Royalties Corp., a renewable energy royalty company, engages in the acquisition and management of renewable energy investments and royalties in North America. The company holds interests in a portfolio of 2,068 MW of operational wind, solar, and hydroelectric projects located in Texas, Kansas, California, and Vermont.