Polaris Renewable Energy Inc. to Post FY2025 Earnings of $0.98 Per Share, National Bank Financial Forecasts (TSE:PIF)

Polaris Renewable Energy Inc. (TSE:PIF) – Research analysts at National Bank Financial lifted their FY2025 EPS estimates for Polaris Renewable Energy in a research report issued to clients and investors on Monday, July 15th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of $0.98 for the year, up from their previous estimate of $0.96. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.70 per share.

Several other equities research analysts have also issued reports on PIF. Raymond James lowered their price target 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 research note on Thursday, April 25th. National Bankshares lifted 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 research note on Tuesday.

Polaris Renewable Energy Trading Down 1.5 %

Shares of TSE:PIF opened at C$12.90 on Thursday. 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 quick ratio of 1.64, a current ratio of 1.87 and a debt-to-equity ratio of 63.65. The company’s fifty day simple moving average is C$12.97 and its 200 day simple moving average is C$12.48. The firm has a market cap of C$271.93 million, a price-to-earnings ratio of 17.20, a PEG ratio of 3.28 and a beta of 0.89.

Polaris Renewable Energy (TSE:PIF) last posted its earnings results on Thursday, May 2nd. The company reported C$0.28 earnings per share for the quarter, topping the consensus estimate of C$0.18 by C$0.10. The company had revenue of C$27.82 million for the quarter, compared to analyst estimates 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 company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date was Friday, May 10th. Polaris Renewable Energy’s dividend payout ratio (DPR) 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.