Q4 Earnings Forecast for TSE:PIF Issued By Clarus Securities

Polaris Renewable Energy Inc. (TSE:PIF) – Equities research analysts at Clarus Securities dropped their Q4 2024 earnings estimates for Polaris Renewable Energy in a research report issued on Wednesday, October 30th. Clarus Securities analyst S. Kammermayer now anticipates that the company will post earnings per share of $0.11 for the quarter, down from their previous estimate of $0.19. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share. Clarus Securities also issued estimates for Polaris Renewable Energy’s Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.76 EPS.

Polaris Renewable Energy (TSE:PIF) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.03). The firm had revenue of C$25.59 million for the quarter, compared to analyst estimates of C$25.50 million. Polaris Renewable Energy had a return on equity of 2.88% and a net margin of 10.08%.

Other equities analysts have also issued research reports about the company. National Bankshares upped their price target on Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Raymond James upped their target price on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the company a “strong-buy” rating in a research report on Friday.

Polaris Renewable Energy Trading Up 0.8 %

PIF opened at C$12.10 on Friday. The stock has a market capitalization of C$255.07 million, a PE ratio of 24.20, a P/E/G ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a one year low of C$11.08 and a one year high of C$14.14. The company has a debt-to-equity ratio of 62.63, a quick ratio of 1.64 and a current ratio of 1.86. The business’s 50 day moving average price is C$12.31 and its 200 day moving average price is C$12.50.

Polaris Renewable Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be paid a $0.203 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 6.71%. Polaris Renewable Energy’s payout ratio is presently 164.00%.

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.