Analysts Offer Predictions for TSE:PIF Q3 Earnings

Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Investment analysts at Cormark issued their Q3 2024 earnings per share (EPS) estimates for shares of Polaris Renewable Energy in a research report issued to clients and investors on Monday, October 21st. Cormark analyst N. Boychuk expects that the company will post earnings per share of $0.08 for the quarter. 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 FY2024 earnings at $0.57 EPS.

Separately, National Bankshares upped 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 report on Tuesday, July 16th.

Polaris Renewable Energy Trading Down 3.1 %

TSE:PIF traded down C$0.39 during trading hours on Wednesday, hitting C$12.31. 41,371 shares of the company were exchanged, compared to its average volume of 45,492. The company has a fifty day simple moving average of C$12.26 and a 200 day simple moving average of C$12.47. The company has a current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63. The stock has a market capitalization of C$259.49 million, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a one year low of C$11.08 and a one year high of C$14.14.

Polaris Renewable Energy (TSE:PIF - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported C$0.07 EPS for the quarter, missing analysts' consensus estimates of C$0.10 by C($0.03). The company had revenue of C$25.59 million during the quarter, compared to the consensus estimate of C$25.50 million. Polaris Renewable Energy had a return on equity of 2.88% and a net margin of 10.08%.

Polaris Renewable Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.82 annualized dividend and a dividend yield of 6.66%. This is a positive change from Polaris Renewable Energy's previous quarterly dividend of $0.15. Polaris Renewable Energy's dividend payout ratio is currently 164.00%.

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.