Q2 2024 Earnings Estimate for Polaris Renewable Energy Inc. Issued By National Bank Financial (TSE:PIF)

Polaris Renewable Energy Inc. (TSE:PIF) – Investment analysts at National Bank Financial decreased their Q2 2024 earnings per share estimates for Polaris Renewable Energy in a research report issued on Thursday, May 2nd. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of $0.07 for the quarter, down from their prior estimate of $0.10. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.57 per share. National Bank Financial also issued estimates for Polaris Renewable Energy’s Q3 2024 earnings at $0.08 EPS.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.10 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.03). Polaris Renewable Energy had a net margin of 14.96% and a return on equity of 4.37%. The company had revenue of C$25.53 million during the quarter, compared to analyst estimates of C$27.11 million.

Separately, Raymond James decreased their price objective on Polaris Renewable Energy from C$21.50 to C$19.00 and set a “strong-buy” rating for the company in a research report on Thursday, April 25th.

Polaris Renewable Energy Trading Up 2.0 %

Shares of TSE PIF opened at C$12.29 on Monday. Polaris Renewable Energy has a one year low of C$11.08 and a one year high of C$15.77. The firm has a market capitalization of C$259.07 million, a PE ratio of 16.17, a PEG ratio of 3.28 and a beta of 0.89. The company has a current ratio of 1.72, a quick ratio of 1.64 and a debt-to-equity ratio of 64.88. The business has a 50-day moving average price of C$11.60 and a two-hundred day moving average price of C$12.53.

Polaris Renewable Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, May 10th. This represents a $0.60 annualized dividend and a dividend yield of 4.88%. Polaris Renewable Energy’s dividend payout ratio is 106.58%.

Polaris Renewable Energy Company Profile

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.