Polaris Renewable Energy (TSE:PIF - Get Free Report) is scheduled to release its earnings data before the market opens on Thursday, October 31st. Analysts expect Polaris Renewable Energy to post earnings of C$0.11 per share for the quarter.
Polaris Renewable Energy (TSE:PIF - Get Free Report) last announced 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). 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 for the quarter, compared to analysts' expectations of C$25.50 million.
Polaris Renewable Energy Stock Down 0.7 %
TSE:PIF traded down C$0.09 during mid-day trading on Thursday, reaching C$12.22. The company's stock had a trading volume of 27,906 shares, compared to its average volume of 45,407. The company has a quick ratio of 1.64, a current ratio of 1.86 and a debt-to-equity ratio of 62.63. Polaris Renewable Energy has a 1 year low of C$11.08 and a 1 year high of C$14.14. The stock has a fifty day moving average of C$12.26 and a 200-day moving average of C$12.48. The firm has a market capitalization 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.
Polaris Renewable Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 6.71%. The ex-dividend date of this dividend was Monday, August 12th. This is a boost from Polaris Renewable Energy's previous quarterly dividend of $0.15. Polaris Renewable Energy's dividend payout ratio is presently 164.00%.
Wall Street Analysts Forecast Growth
Separately, National Bankshares upped their target price on Polaris Renewable Energy from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a report on Tuesday, July 16th.
Get Our Latest Stock Analysis on Polaris Renewable Energy
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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