Cormark Issues Pessimistic Forecast for TSE:PIF Earnings

Polaris Renewable Energy Inc. (TSE:PIF) – Cormark decreased their FY2025 earnings estimates for shares of Polaris Renewable Energy in a report issued on Thursday, January 23rd. Cormark analyst N. Boychuk now forecasts that the company will earn $0.48 per share for the year, down from their prior estimate of $0.49. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share. Cormark also issued estimates for Polaris Renewable Energy’s FY2026 earnings at $1.08 EPS.

Polaris Renewable Energy (TSE:PIF) last posted its quarterly earnings results on Thursday, October 31st. The company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.05). Polaris Renewable Energy had a net margin of 10.08% and a return on equity of 2.88%. During the same period last year, the firm earned $0.07 earnings per share.

Separately, Raymond James increased their price target on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the company a “strong-buy” rating in a research note on Friday, November 1st.

Polaris Renewable Energy Price Performance

Shares of TSE PIF opened at C$12.95 on Friday. The stock’s 50-day simple moving average is C$13.07 and its 200-day simple moving average is C$12.63. The firm has a market capitalization of C$272.99 million, a PE ratio of 25.90, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a fifty-two week low of C$11.08 and a fifty-two week high of C$14.14. The company has a debt-to-equity ratio of 62.63, a quick ratio of 1.64 and a current ratio of 1.86.

Polaris Renewable Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a dividend of $0.203 per share. This represents a $0.81 annualized dividend and a dividend yield of 6.27%. The ex-dividend date of this dividend was Friday, November 8th. Polaris Renewable Energy’s payout ratio is 164.00%.

Insider Transactions at Polaris Renewable Energy

In other news, Director Marc Murnaghan acquired 41,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was acquired at an average cost of C$12.49 per share, with a total value of C$518,413.85. Insiders own 2.94% of the company’s stock.

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.