Altius Renewable Royalties Corp. (TSE:ARR) Expected to Earn Q4 2024 Earnings of ($0.01) Per Share

Altius Renewable Royalties Corp. (TSE:ARRFree Report) – Equities researchers at Ventum Cap Mkts lowered their Q4 2024 EPS estimates for Altius Renewable Royalties in a report issued on Monday, May 6th. Ventum Cap Mkts analyst D. Schilling now anticipates that the company will post earnings per share of ($0.01) for the quarter, down from their prior estimate of $0.03. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.05 per share.

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

Separately, TD Securities increased their price objective on shares of Altius Renewable Royalties from C$11.50 to C$12.50 and gave the stock a “buy” rating in a report on Friday, March 1st. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$11.90.

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Altius Renewable Royalties Stock Up 0.3 %

Shares of TSE:ARR opened at C$9.31 on Wednesday. Altius Renewable Royalties has a 12-month low of C$6.60 and a 12-month high of C$9.75. The stock’s 50-day moving average price is C$9.03 and its two-hundred day moving average price is C$8.16. The company has a current ratio of 209.99, a quick ratio of 102.67 and a debt-to-equity ratio of 0.12. The firm has a market cap of C$286.65 million, a price-to-earnings ratio of -185.60 and a beta of 0.96.

About Altius Renewable Royalties

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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.

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Earnings History and Estimates for Altius Renewable Royalties (TSE:ARR)

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