Polaris Renewable Energy Inc. (TSE:PIF – Free Report) – Analysts at Cormark boosted their FY2024 EPS estimates for shares of Polaris Renewable Energy in a research note issued on Monday, November 18th. Cormark analyst N. Boychuk now expects that the company will post earnings per share of $0.51 for the year, up from their previous estimate of $0.50. 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 FY2025 earnings at $0.49 EPS.
Separately, Raymond James raised their price objective 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 Stock Down 0.9 %
Polaris Renewable Energy stock opened at C$12.05 on Wednesday. The firm has a market cap of C$254.01 million, a price-to-earnings ratio of 24.10, a PEG ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a 52-week low of C$11.08 and a 52-week high of C$14.14. 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 has a 50 day moving average price of C$12.41 and a two-hundred day moving average price of C$12.57.
Insider Transactions at Polaris Renewable Energy
In other Polaris Renewable Energy news, Director Marc Murnaghan purchased 41,500 shares of Polaris Renewable Energy stock in a transaction that occurred on Wednesday, November 6th. The stock was acquired at an average price of C$12.49 per share, with a total value of C$518,413.85. Insiders own 2.94% of the company’s stock.
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 given a dividend of $0.203 per share. This represents a $0.81 annualized dividend and a dividend yield of 6.74%. The ex-dividend date of this dividend is Friday, November 8th. Polaris Renewable Energy’s dividend payout ratio (DPR) is 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.
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