National Bank Financial Comments on TSE:PIF FY2024 Earnings

Polaris Renewable Energy Inc. (TSE:PIF) – Investment analysts at National Bank Financial lowered their FY2024 earnings estimates for Polaris Renewable Energy in a research note issued on Thursday, October 31st. National Bank Financial analyst R. Merer now anticipates that the company will post earnings of $0.46 per share for the year, down from their previous estimate of $0.50. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share. National Bank Financial also issued estimates for Polaris Renewable Energy’s Q4 2024 earnings at $0.07 EPS and FY2025 earnings at $0.77 EPS.

Several other equities analysts have also recently commented on the company. National Bankshares boosted their target price on 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 boosted their price objective 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 Trading Up 0.8 %

Polaris Renewable Energy stock opened at C$12.10 on Monday. The company has a debt-to-equity ratio of 62.63, a quick ratio of 1.64 and a current ratio of 1.86. Polaris Renewable Energy has a fifty-two week low of C$11.08 and a fifty-two week high of C$14.14. The stock 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 firm’s fifty day moving average price is C$12.31 and its 200-day moving average price is C$12.50.

Polaris Renewable Energy (TSE:PIF) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.07 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.03). The firm 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%.

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 Monday, November 11th will be issued a dividend of $0.203 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date of this dividend is Friday, November 8th. Polaris Renewable Energy’s dividend payout ratio is currently 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.