What is Cormark's Estimate for TSE:PIF FY2025 Earnings?

Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Equities research analysts at Cormark boosted their FY2025 earnings estimates for shares of Polaris Renewable Energy in a research note issued on Monday, October 21st. Cormark analyst N. Boychuk now forecasts that the company will post earnings per share of $0.70 for the year, up from their prior forecast of $0.67. The consensus estimate for Polaris Renewable Energy's current full-year earnings is $0.65 per share.

Separately, National Bankshares boosted their price objective 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 0.7 %

Shares of Polaris Renewable Energy stock traded down C$0.09 during midday trading on Thursday, reaching C$12.22. 27,906 shares of the company's stock traded hands, compared to its average volume of 45,407. The stock has a 50 day moving average of C$12.26 and a 200-day moving average of C$12.48. Polaris Renewable Energy has a 12 month low of C$11.08 and a 12 month high of C$14.14. The company has a market cap of C$257.60 million, a PE ratio of 24.46, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. 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 (TSE:PIF - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.10 by C($0.03). The business 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%.

Polaris Renewable Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a dividend of $0.205 per share. This is an increase from Polaris Renewable Energy's previous quarterly dividend of $0.15. The ex-dividend date was Monday, August 12th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.71%. Polaris Renewable Energy's dividend payout ratio is 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.