What is Cormark’s Estimate for TSE:PIF FY2025 Earnings?

Polaris Renewable Energy Inc. (TSE:PIF) – Stock analysts at Cormark reduced their FY2025 earnings per share estimates for Polaris Renewable Energy in a research report issued on Thursday, January 23rd. Cormark analyst N. Boychuk now anticipates that the company will post earnings per share of $0.48 for the year, down from their previous estimate of $0.49. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share. Cormark also issued estimates for Polaris Renewable Energy’s FY2026 earnings at $1.08 EPS.

Separately, Raymond James upped 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 report on Friday, November 1st.

Polaris Renewable Energy Trading Down 0.2 %

Shares of Polaris Renewable Energy stock opened at C$12.93 on Friday. The company has a debt-to-equity ratio of 62.63, a current ratio of 1.86 and a quick ratio of 1.64. Polaris Renewable Energy has a 1 year low of C$11.08 and a 1 year high of C$14.14. The firm has a fifty day moving average price of C$13.08 and a 200 day moving average price of C$12.63. The stock has a market cap of C$272.56 million, a PE ratio of 25.86, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97.

Polaris Renewable Energy (TSE:PIF) last posted its quarterly earnings data on Thursday, October 31st. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.08 by C($0.05). Polaris Renewable Energy had a return on equity of 2.88% and a net margin of 10.08%. During the same quarter in the prior year, the business posted $0.07 EPS.

Polaris Renewable Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were issued a $0.203 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 6.28%. Polaris Renewable Energy’s payout ratio is 164.00%.

Insiders Place Their Bets

In other news, Director Marc Murnaghan acquired 41,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were purchased at an average cost of C$12.49 per share, for a total transaction of C$518,413.85. 2.94% of the stock is owned by company insiders.

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.