Clarus Securities Weighs in on TSE:PIF FY2024 Earnings

Polaris Renewable Energy Inc. (TSE:PIF) – Equities research analysts at Clarus Securities lowered their FY2024 EPS estimates for shares of Polaris Renewable Energy in a report issued on Friday, November 1st. Clarus Securities analyst S. Kammermayer now expects that the company will post earnings per share of $0.44 for the year, down from their prior forecast of $0.52. 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 Q4 2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.65 EPS, Q1 2026 earnings at $0.23 EPS, Q2 2026 earnings at $0.28 EPS, Q3 2026 earnings at $0.26 EPS and FY2026 earnings at $1.01 EPS.

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

Polaris Renewable Energy Trading Up 0.8 %

Polaris Renewable Energy stock opened at C$12.10 on Monday. The stock has a 50-day moving average price of C$12.31 and a 200 day moving average price of C$12.50. Polaris Renewable Energy has a 52 week low of C$11.08 and a 52 week high of C$14.14. The stock has a market cap 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. The company has a current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.07 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.03). The company had revenue of C$25.59 million during 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%.

Polaris Renewable Energy Cuts Dividend

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