Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Shareholders of record on Monday, November 11th will be paid a dividend of 0.203 per share on Friday, November 22nd. This represents a $0.81 annualized dividend and a yield of 6.71%. The ex-dividend date of this dividend is Friday, November 8th.
Polaris Renewable Energy Trading Up 0.8 %
Shares of TSE PIF traded up C$0.10 during trading hours on Friday, hitting C$12.10. 60,289 shares of the company traded hands, compared to its average volume of 45,205. The stock has a market capitalization 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 company's 50 day moving average price is C$12.31 and its 200 day moving average price is C$12.50. 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 current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63.
Polaris Renewable Energy (TSE:PIF - Get Free Report) last announced its 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 net margin of 10.08% and a return on equity of 2.88%. The firm had revenue of C$25.59 million during the quarter, compared to analysts' expectations of C$25.50 million. On average, equities research analysts anticipate that Polaris Renewable Energy will post 0.6481187 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts recently weighed in on PIF shares. Raymond James increased 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 research report on Friday. National Bankshares increased their target price 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.
Check Out Our Latest Stock Report on PIF
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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
