Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Equities researchers at Clarus Securities decreased their Q4 2024 EPS estimates for Polaris Renewable Energy in a research report issued to clients and investors on Wednesday, October 30th. Clarus Securities analyst S. Kammermayer now anticipates that the company will post earnings per share of $0.11 for the quarter, down from their prior estimate of $0.19. The consensus estimate for Polaris Renewable Energy's current full-year earnings is $0.65 per share. Clarus Securities also issued estimates for Polaris Renewable Energy's Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.76 EPS.
Other analysts also recently issued reports about the stock. Raymond James lifted their price objective on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a "strong-buy" rating in a report on Friday. National Bankshares lifted their price target on 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.
View Our Latest Stock Analysis on PIF
Polaris Renewable Energy Price Performance
Polaris Renewable Energy stock traded up C$0.10 during mid-day trading on Friday, hitting C$12.10. 60,289 shares of the company traded hands, compared to its average volume of 45,205. 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 has a one year low of C$11.08 and a one year high of C$14.14. The stock has a market cap of C$255.07 million, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The stock has a fifty day moving average price of C$12.31 and a 200-day moving average price of C$12.50.
Polaris Renewable Energy (TSE:PIF - Get Free Report) last issued its quarterly earnings data 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 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 return on equity of 2.88% and a net margin of 10.08%.
Polaris Renewable Energy Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be issued a dividend of $0.203 per share. This represents a $0.81 annualized dividend and a dividend yield of 6.71%. The ex-dividend date of this dividend is Friday, November 8th. Polaris Renewable Energy's dividend payout ratio is currently 164.00%.
About Polaris Renewable Energy
(
Get Free Report)
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.
Featured Articles
Before you consider Polaris Renewable Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Polaris Renewable Energy wasn't on the list.
While Polaris Renewable Energy currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
