Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Stock analysts at Cormark issued their Q3 2024 EPS estimates for Polaris Renewable Energy in a research report issued on Monday, October 21st. Cormark analyst N. Boychuk expects that the company will earn $0.08 per share 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.
Polaris Renewable Energy (TSE:PIF - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.07 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.03). The firm had revenue of C$25.59 million for the quarter, compared to analysts' expectations of C$25.50 million. Polaris Renewable Energy had a net margin of 10.08% and a return on equity of 2.88%.
Separately, National Bankshares increased 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.
Check Out Our Latest Research Report on PIF
Polaris Renewable Energy Price Performance
Shares of PIF stock remained flat at C$12.70 during mid-day trading on Wednesday. 2,031 shares of the company's stock traded hands, compared to its average volume of 45,296. The stock has a market capitalization of C$267.72 million, a PE ratio of 25.40, a P/E/G ratio of 3.28 and a beta of 0.97. The stock's 50-day moving average price is C$12.26 and its two-hundred day moving average price is C$12.47. Polaris Renewable Energy has a 1-year low of C$11.08 and a 1-year 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 Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a $0.205 dividend. This is a positive change from Polaris Renewable Energy's previous quarterly dividend of $0.15. This represents a $0.82 annualized dividend and a dividend yield of 6.46%. The ex-dividend date was Monday, August 12th. Polaris Renewable Energy's dividend payout ratio (DPR) is presently 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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