FY2024 Earnings Forecast for TSE:PIF Issued By Raymond James

Polaris Renewable Energy Inc. (TSE:PIF) – Raymond James dropped their FY2024 earnings estimates for shares of Polaris Renewable Energy in a report released on Thursday, October 31st. Raymond James analyst D. Quezada now expects that the company will post earnings of $0.55 per share for the year, down from their previous estimate of $0.68. Raymond James currently has a “Strong-Buy” rating and a $21.00 price target on the stock. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share. Raymond James also issued estimates for Polaris Renewable Energy’s Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.25 EPS and FY2025 earnings at $0.75 EPS.

Separately, National Bankshares boosted 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 report on Tuesday, July 16th.

Polaris Renewable Energy Stock Performance

Shares of PIF stock opened at C$12.62 on Monday. The firm has a market cap of C$266.03 million, a price-to-earnings ratio of 25.24, a P/E/G ratio of 3.28 and a beta of 0.97. The company has a debt-to-equity ratio of 62.63, a quick ratio of 1.64 and a current ratio of 1.86. The firm’s 50-day simple moving average is C$12.32 and its two-hundred day simple moving average is C$12.50. Polaris Renewable Energy has a 52 week low of C$11.08 and a 52 week 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 paid a $0.203 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.81 annualized dividend and a yield of 6.43%. Polaris Renewable Energy’s dividend payout ratio (DPR) 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.