Altius Renewable Royalties Corp. Expected to Post Q1 2024 Earnings of $0.07 Per Share (TSE:ARR)

Altius Renewable Royalties Corp. (TSE:ARR) – Equities researchers at Raymond James decreased their Q1 2024 earnings estimates for Altius Renewable Royalties in a report released on Thursday, April 25th. Raymond James analyst D. Quezada now expects that the company will earn $0.07 per share for the quarter, down from their prior forecast of $0.08. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.03 per share. Raymond James also issued estimates for Altius Renewable Royalties’ Q1 2025 earnings at $0.10 EPS, Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.04 EPS and Q4 2025 earnings at $0.11 EPS.

Several other research analysts have also recently weighed in on the stock. National Bankshares boosted their price target on shares of Altius Renewable Royalties from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. TD Securities boosted their price target 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 company. According to MarketBeat, Altius Renewable Royalties currently has an average rating of “Buy” and a consensus price target of C$11.90.

Altius Renewable Royalties Trading Up 0.5 %

Shares of ARR stock opened at C$9.50 on Friday. The company’s 50-day moving average price is C$8.83 and its 200-day moving average price is C$8.14. The company has a current ratio of 233.62, a quick ratio of 102.67 and a debt-to-equity ratio of 0.12. The stock has a market cap of C$292.51 million, a price-to-earnings ratio of -190.00 and a beta of 0.96. Altius Renewable Royalties has a twelve month low of C$6.60 and a twelve month high of C$9.75.

Altius Renewable Royalties (TSE:ARR) last released its earnings results on Wednesday, March 6th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$1.32 million for the quarter, compared to analysts’ expectations of C$0.62 million. Altius Renewable Royalties had a negative return on equity of 0.54% and a negative net margin of 40.19%.

About Altius Renewable Royalties

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.