Polaris Renewable Energy (PIF) Set to Announce Earnings on Thursday

Polaris Renewable Energy (TSE:PIF) is scheduled to announce its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of C$0.11 per share for the quarter.

Polaris Renewable Energy (TSE:PIF) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.03). The company had revenue of C$25.59 million during the quarter, compared to the consensus estimate of C$25.50 million. Polaris Renewable Energy had a return on equity of 2.88% and a net margin of 10.08%.

Polaris Renewable Energy Trading Down 0.6 %

TSE PIF opened at C$12.24 on Tuesday. Polaris Renewable Energy has a 12 month low of C$11.08 and a 12 month high of C$14.14. The stock has a 50-day simple moving average of C$12.28 and a 200 day simple moving average of C$12.49. The company has a current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63. The company has a market capitalization of C$258.02 million, a PE ratio of 24.48, a P/E/G ratio of 3.28 and a beta of 0.97.

Polaris Renewable Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a dividend of $0.205 per share. This is a positive change from Polaris Renewable Energy’s previous quarterly dividend of $0.15. This represents a $0.82 annualized dividend and a dividend yield of 6.70%. The ex-dividend date of this dividend was Monday, August 12th. Polaris Renewable Energy’s payout ratio is presently 164.00%.

Analyst Upgrades and Downgrades

Separately, National Bankshares boosted their price objective on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th.

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.