Q1 2024 Earnings Forecast for Polaris Renewable Energy Inc. (TSE:PIF) Issued By National Bank Financial

Polaris Renewable Energy Inc. (TSE:PIF) – National Bank Financial raised their Q1 2024 EPS estimates for Polaris Renewable Energy in a report released on Tuesday, April 16th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.16. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.57 per share. National Bank Financial also issued estimates for Polaris Renewable Energy’s Q2 2024 earnings at $0.10 EPS, Q3 2024 earnings at $0.10 EPS, Q4 2024 earnings at $0.18 EPS, FY2024 earnings at $0.55 EPS and FY2025 earnings at $1.05 EPS.

Polaris Renewable Energy Trading Up 0.3 %

TSE:PIF opened at C$11.57 on Thursday. The company has a debt-to-equity ratio of 64.88, a current ratio of 1.72 and a quick ratio of 1.64. The firm has a 50-day moving average of C$11.78 and a 200-day moving average of C$12.67. The company has a market cap of C$243.90 million, a PE ratio of 15.22, a PEG ratio of 3.28 and a beta of 0.89. Polaris Renewable Energy has a one year low of C$11.08 and a one year high of C$15.77.

Polaris Renewable Energy (TSE:PIF) last posted its earnings results on Thursday, February 22nd. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.03). The business had revenue of C$25.53 million for the quarter, compared to the consensus estimate of C$27.11 million. Polaris Renewable Energy had a return on equity of 4.37% and a net margin of 14.96%.

Polaris Renewable Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend was Friday, February 9th. Polaris Renewable Energy’s payout ratio is 106.58%.

Polaris Renewable Energy Company Profile

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.