Polaris Renewable Energy Inc. (TSE:PIF) Expected to Earn Q2 2024 Earnings of $0.11 Per Share

Polaris Renewable Energy Inc. (TSE:PIF) – Research analysts at Raymond James cut their Q2 2024 earnings per share estimates for shares of Polaris Renewable Energy in a research report issued to clients and investors on Thursday, April 25th. Raymond James analyst D. Quezada now expects that the company will post earnings of $0.11 per share for the quarter, down from their previous forecast of $0.14. Raymond James has a “Strong-Buy” rating and a $19.00 price target on the stock. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.57 per share. Raymond James also issued estimates for Polaris Renewable Energy’s Q3 2024 earnings at $0.15 EPS, Q4 2024 earnings at $0.19 EPS, FY2024 earnings at $0.56 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.64 EPS.

Polaris Renewable Energy Stock Performance

TSE PIF opened at C$11.57 on Friday. The firm has a market cap of C$243.90 million, a price-to-earnings ratio of 15.22, a PEG ratio of 3.28 and a beta of 0.89. The company has a current ratio of 1.72, a quick ratio of 1.64 and a debt-to-equity ratio of 64.88. Polaris Renewable Energy has a 1-year low of C$11.08 and a 1-year high of C$15.77. The company has a 50 day moving average of C$11.67 and a 200-day moving average of C$12.61.

Polaris Renewable Energy (TSE:PIF) last announced its earnings results on Thursday, February 22nd. The company reported C$0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.03). The firm had revenue of C$25.53 million for the quarter, compared to analyst estimates 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 firm 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. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.60 annualized dividend and a yield of 5.19%. 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.