Q1 2024 EPS Estimates for Altius Renewable Royalties Corp. (TSE:ARR) Increased by Analyst

Altius Renewable Royalties Corp. (TSE:ARR) – Research analysts at National Bank Financial raised their Q1 2024 earnings per share estimates for Altius Renewable Royalties in a research report issued to clients and investors on Monday, April 22nd. National Bank Financial analyst R. Merer now expects that the company will earn $0.04 per share for the quarter, up from their prior forecast of $0.01. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.03 per share. National Bank Financial also issued estimates for Altius Renewable Royalties’ Q4 2024 earnings at $0.04 EPS and FY2024 earnings at $0.08 EPS.

Altius Renewable Royalties (TSE:ARR) last issued its earnings results on Wednesday, March 6th. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$1.32 million for the quarter, compared to analyst estimates of C$0.62 million. Altius Renewable Royalties had a negative return on equity of 0.54% and a negative net margin of 40.19%.

A number of other equities research analysts have also commented on the company. National Bankshares increased their price target on Altius Renewable Royalties from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. TD Securities increased their price target on Altius Renewable Royalties from C$11.50 to C$12.50 and gave the company a “buy” rating in a research report on Friday, March 1st. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$11.90.

Altius Renewable Royalties Trading Down 0.5 %

TSE ARR opened at C$9.45 on Thursday. The firm has a market capitalization of C$290.97 million, a P/E ratio of -189.00 and a beta of 0.96. The business has a fifty day simple moving average of C$8.80 and a 200 day simple moving average of C$8.14. Altius Renewable Royalties has a 12 month low of C$6.60 and a 12 month high of C$9.75. The company has a current ratio of 233.62, a quick ratio of 102.67 and a debt-to-equity ratio of 0.12.

About Altius Renewable Royalties

Altius Renewable Royalties Corp., a renewable energy royalty company, engages in the acquisition and management of renewable energy investments and royalties in North America. The company holds interests in a portfolio of 2,068 MW of operational wind, solar, and hydroelectric projects located in Texas, Kansas, California, and Vermont.