FY2024 EPS Estimates for Altius Renewable Royalties Corp. Lowered by Cormark (TSE:ARR)

Altius Renewable Royalties Corp. (TSE:ARR) – Cormark decreased their FY2024 earnings per share (EPS) estimates for Altius Renewable Royalties in a report released on Monday, May 6th. Cormark analyst N. Boychuk now forecasts that the company will earn $0.16 per share for the year, down from their previous forecast of $0.36. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.05 per share.

Altius Renewable Royalties (TSE:ARR) last announced 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). Altius Renewable Royalties had a negative net margin of 227.79% and a negative return on equity of 0.60%. The firm had revenue of C$1.47 million during the quarter, compared to analyst estimates of C$1.50 million.

Separately, 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 report on Friday, March 1st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$11.90.

Altius Renewable Royalties Price Performance

Altius Renewable Royalties has a fifty-two week low of C$6.60 and a fifty-two week high of C$9.75. 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 company has a fifty day moving average price of C$9.06 and a 200-day moving average price of C$8.16. The stock has a market capitalization of C$292.20 million, a P/E ratio of -190.00 and a beta of 0.96.

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.