FY2025 EPS Estimates for TSE:PIF Lifted by Analyst

Polaris Renewable Energy Inc. (TSE:PIF) – Ventum Cap Mkts lifted their FY2025 earnings estimates for Polaris Renewable Energy in a report issued on Friday, November 1st. Ventum Cap Mkts analyst D. Schilling now forecasts that the company will earn $0.72 per share for the year, up from their previous estimate of $0.61. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share.

PIF has been the subject of several other reports. National Bankshares lifted their price objective 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. Raymond James lifted their price target on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a “strong-buy” rating in a report on Friday.

Polaris Renewable Energy Stock Up 2.5 %

Shares of TSE:PIF opened at C$12.40 on Monday. Polaris Renewable Energy has a fifty-two week low of C$11.08 and a fifty-two week high of C$14.14. The firm’s 50 day moving average price is C$12.31 and its 200 day moving average price is C$12.50. The company has a quick ratio of 1.64, a current ratio of 1.86 and a debt-to-equity ratio of 62.63. The stock has a market cap of C$261.39 million, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97.

Polaris Renewable Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 22nd will be given a dividend of $0.203 per share. The ex-dividend date is Friday, November 8th. This represents a $0.81 annualized dividend and a dividend yield of 6.55%. Polaris Renewable Energy’s dividend 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.