Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Stock analysts at National Bank Financial dropped their Q3 2024 earnings per share estimates for Polaris Renewable Energy in a research note issued on Tuesday, October 15th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings per share of $0.01 for the quarter, down from their previous estimate of $0.07. The consensus estimate for Polaris Renewable Energy's current full-year earnings is $0.65 per share. National Bank Financial also issued estimates for Polaris Renewable Energy's FY2024 earnings at $0.50 EPS and FY2025 earnings at $0.84 EPS.
Polaris Renewable Energy (TSE:PIF - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.07 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.03). Polaris Renewable Energy had a return on equity of 2.88% and a net margin of 10.08%. The firm had revenue of C$25.59 million for the quarter, compared to analyst estimates of C$25.50 million.
Separately, National Bankshares upped their target price on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 16th.
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Polaris Renewable Energy Trading Up 1.2 %
TSE PIF traded up C$0.15 on Thursday, reaching C$12.71. The company had a trading volume of 39,112 shares, compared to its average volume of 45,776. Polaris Renewable Energy has a fifty-two week low of C$11.08 and a fifty-two week high of C$14.14. The business has a 50 day moving average of C$12.22 and a two-hundred day moving average of C$12.45. The firm has a market cap of C$267.93 million, a price-to-earnings ratio of 25.42, a P/E/G ratio of 3.28 and a beta of 0.97. The company has a debt-to-equity ratio of 62.63, a current ratio of 1.86 and a quick ratio of 1.64.
Polaris Renewable Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Polaris Renewable Energy's previous quarterly dividend of $0.15. Polaris Renewable Energy's dividend payout ratio (DPR) is 164.00%.
About Polaris Renewable Energy
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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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