Cormark Cuts Earnings Estimates for Polaris Renewable Energy

Polaris Renewable Energy Inc. (TSE:PIF) – Investment analysts at Cormark lowered their FY2026 EPS estimates for Polaris Renewable Energy in a research note issued on Friday, August 1st. Cormark analyst N. Boychuk now forecasts that the company will earn $0.95 per share for the year, down from their previous forecast of $0.96. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share.

Other analysts have also issued research reports about the company. Raymond James Financial lowered Polaris Renewable Energy from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, May 1st. National Bank Financial raised Polaris Renewable Energy to a “strong-buy” rating in a report on Sunday, June 8th.

Polaris Renewable Energy Trading Up 0.1%

PIF stock opened at C$12.45 on Monday. Polaris Renewable Energy has a 1-year low of C$10.70 and a 1-year high of C$13.66. The company has a current ratio of 1.82, a quick ratio of 1.64 and a debt-to-equity ratio of 57.48. The business’s 50 day moving average is C$12.06 and its 200-day moving average is C$12.04. The firm has a market cap of C$185.03 million, a P/E ratio of 25.79, a P/E/G ratio of 3.28 and a beta of 0.97.

Polaris Renewable Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 23rd were paid a $0.15 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.8%. Polaris Renewable Energy’s payout ratio is 169.88%.

Insider Activity

In other Polaris Renewable Energy news, Director Marc Murnaghan purchased 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average cost of C$11.98 per share, for a total transaction of C$89,850.00. Company insiders own 2.94% of the company’s stock.

Polaris Renewable Energy Company Profile

Polaris Infrastructure Inc is engaged in the acquisition, exploration, development and operation of geothermal and hydroelectric energy projects. The company, through its subsidiaries, owns and operates a 72-megawatt capacity geothermal facility (the San Jacinto Project), located in northwest Nicaragua.