Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Equities research analysts at Cormark decreased their FY2025 EPS estimates for Polaris Renewable Energy in a research note issued on Thursday, January 23rd. Cormark analyst N. Boychuk now expects that the company will post earnings per share of $0.48 for the year, down from their prior estimate of $0.49. 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 FY2026 earnings at $1.08 EPS.
Separately, Raymond James increased their target price 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 note on Friday, November 1st.
Read Our Latest Research Report on Polaris Renewable Energy
Polaris Renewable Energy Stock Performance
TSE PIF traded down C$0.02 on Friday, hitting C$12.93. 16,005 shares of the stock traded hands, compared to its average volume of 35,314. 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 debt-to-equity ratio of 62.63, a quick ratio of 1.64 and a current ratio of 1.86. The business's fifty day moving average is C$13.08 and its two-hundred day moving average is C$12.63. The firm has a market capitalization of C$272.56 million, a price-to-earnings ratio of 25.86, a PEG ratio of 3.28 and a beta of 0.97.
Polaris Renewable Energy (TSE:PIF - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported C$0.03 earnings per share for the quarter, missing analysts' consensus estimates of C$0.08 by C($0.05). Polaris Renewable Energy had a return on equity of 2.88% and a net margin of 10.08%. During the same period in the previous year, the company posted $0.07 earnings per share.
Insiders Place Their Bets
In other Polaris Renewable Energy news, Director Marc Murnaghan purchased 41,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were bought at an average cost of C$12.49 per share, with a total value of C$518,413.85. 2.94% of the stock is owned by company insiders.
Polaris Renewable Energy Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a $0.203 dividend. This represents a $0.81 annualized dividend and a yield of 6.28%. The ex-dividend date was Friday, November 8th. Polaris Renewable Energy's dividend payout ratio is 164.00%.
Polaris Renewable Energy Company Profile
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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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