Q3 2024 EPS Estimates for Altius Renewable Royalties Corp. (TSE:ARR) Lowered by National Bank Financial

Altius Renewable Royalties Corp. (TSE:ARR) – Stock analysts at National Bank Financial cut their Q3 2024 EPS estimates for Altius Renewable Royalties in a report released on Sunday, May 5th. National Bank Financial analyst R. Merer now anticipates that the company will earn ($0.01) per share for the quarter, down from their previous estimate of $0.01. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.05 per share.

A number of other research firms have also weighed in on ARR. TD Securities raised their price objective on shares of Altius Renewable Royalties from C$11.50 to C$12.50 and gave the company a “buy” rating in a research note on Friday, March 1st. National Bankshares lifted 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 note on Tuesday, January 9th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$11.90.

Altius Renewable Royalties Price Performance

Shares of ARR opened at C$9.38 on Tuesday. The stock has a market cap of C$288.81 million, a P/E ratio of -187.60 and a beta of 0.96. The business’s fifty day moving average is C$8.98 and its 200 day moving average is C$8.15. The company has a quick ratio of 102.67, a current ratio of 209.99 and a debt-to-equity ratio of 0.12. Altius Renewable Royalties has a 12-month low of C$6.60 and a 12-month high of C$9.75.

Altius Renewable Royalties (TSE:ARR) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.05). Altius Renewable Royalties had a negative return on equity of 0.60% and a negative net margin of 227.79%. The firm had revenue of C$1.47 million for the quarter, compared to analyst estimates of C$1.50 million.

Altius Renewable Royalties Company Profile

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.