Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Analysts at Cormark upped their FY2024 earnings per share estimates for shares of Polaris Renewable Energy in a note issued to investors on Monday, November 18th. Cormark analyst N. Boychuk now anticipates that the company will post earnings per share of $0.51 for the year, up from their prior estimate of $0.50. 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 FY2025 earnings at $0.49 EPS.
Separately, Raymond James increased their price target on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a "strong-buy" rating in a report on Friday, November 1st.
Check Out Our Latest Stock Report on Polaris Renewable Energy
Polaris Renewable Energy Price Performance
PIF stock traded down C$0.07 during trading on Wednesday, hitting C$12.19. The stock had a trading volume of 23,489 shares, compared to its average volume of 45,223. Polaris Renewable Energy has a twelve month low of C$11.08 and a twelve month high of C$14.14. The company has a debt-to-equity ratio of 62.63, a current ratio of 1.86 and a quick ratio of 1.64. The stock has a market capitalization of C$256.97 million, a P/E ratio of 24.52, a PEG ratio of 3.28 and a beta of 0.97. The company's 50-day moving average price is C$12.41 and its two-hundred day moving average price is C$12.56.
Polaris Renewable Energy Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be paid a $0.203 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.81 annualized dividend and a dividend yield of 6.66%. Polaris Renewable Energy's dividend payout ratio (DPR) is 164.00%.
Insider Buying and Selling
In other Polaris Renewable Energy news, Director Marc Murnaghan bought 41,500 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were acquired at an average cost of C$12.49 per share, with a total value of C$518,413.85. 2.94% of the stock is currently owned by insiders.
Polaris Renewable Energy Company Profile
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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.
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