Q4 Earnings Forecast for TSE:PIF Issued By Ventum Cap Mkts

Polaris Renewable Energy Inc. (TSE:PIF) – Equities researchers at Ventum Cap Mkts decreased their Q4 2024 earnings per share estimates for shares of Polaris Renewable Energy in a research note issued to investors on Tuesday, October 29th. Ventum Cap Mkts analyst D. Schilling now forecasts that the company will post earnings per share of $0.12 for the quarter, down from their prior estimate of $0.13. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share.

Polaris Renewable Energy (TSE:PIF) last released its earnings results on Thursday, August 1st. The company reported C$0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.03). The business 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 net margin of 10.08% and a return on equity of 2.88%.

Other analysts have also issued research reports about the stock. Raymond James raised their target price on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the company a “strong-buy” rating in a research report on Friday. National Bankshares upped their target price on Polaris Renewable Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th.

Polaris Renewable Energy Trading Up 0.8 %

PIF opened at C$12.10 on Friday. The company has a market cap of C$255.07 million, a P/E ratio of 24.20, a PEG ratio of 3.28 and a beta of 0.97. 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’s 50 day moving average is C$12.31 and its 200-day moving average is C$12.50. Polaris Renewable Energy has a 1-year low of C$11.08 and a 1-year high of C$14.14.

Polaris Renewable Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be issued a dividend of $0.203 per share. This represents a $0.81 annualized dividend and a yield of 6.71%. The ex-dividend date of this dividend is Friday, November 8th. Polaris Renewable Energy’s 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.