Equities Analysts Offer Predictions for Polaris Renewable Energy Inc.’s Q1 2024 Earnings (TSE:PIF)

Polaris Renewable Energy Inc. (TSE:PIF) – Equities researchers at Cormark issued their Q1 2024 earnings per share estimates for Polaris Renewable Energy in a report released on Wednesday, May 1st. Cormark analyst N. Boychuk anticipates that the company will earn $0.21 per share for the quarter. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.57 per share.

Separately, Raymond James reduced their price objective on Polaris Renewable Energy from C$21.50 to C$19.00 and set a “strong-buy” rating for the company in a research report on Thursday, April 25th.

Polaris Renewable Energy Stock Up 3.4 %

Shares of Polaris Renewable Energy stock opened at C$12.05 on Thursday. The stock has a market capitalization of C$254.01 million, a P/E ratio of 15.46, a PEG ratio of 3.28 and a beta of 0.89. The company has a quick ratio of 1.64, a current ratio of 1.72 and a debt-to-equity ratio of 64.88. The stock has a 50 day moving average price of C$11.62 and a two-hundred day moving average price of C$12.55. Polaris Renewable Energy has a 12-month low of C$11.08 and a 12-month high of C$15.77.

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 company 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 24th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.60 annualized dividend and a dividend yield of 4.98%. Polaris Renewable Energy’s dividend payout ratio is 106.58%.

About Polaris Renewable Energy

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.