Polaris Renewable Energy Inc. (TSE:PIF – Free Report) – Investment analysts at Raymond James lifted their FY2024 earnings estimates for shares of Polaris Renewable Energy in a report issued on Wednesday, July 24th. Raymond James analyst D. Quezada now expects that the company will post earnings per share of $0.68 for the year, up from their prior forecast of $0.56. Raymond James has a “Strong-Buy” rating and a $19.00 price objective on the stock. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.70 per share.
Polaris Renewable Energy (TSE:PIF – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.28 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.10. The firm had revenue of C$27.82 million for the quarter, compared to analyst estimates of C$28.01 million. Polaris Renewable Energy had a net margin of 14.42% and a return on equity of 4.21%.
Read Our Latest Stock Report on Polaris Renewable Energy
Polaris Renewable Energy Stock Down 0.3 %
PIF stock opened at C$12.82 on Monday. The firm has a market cap of C$270.25 million, a PE ratio of 17.09, a PEG ratio of 3.28 and a beta of 0.89. The company has a debt-to-equity ratio of 63.65, a quick ratio of 1.64 and a current ratio of 1.87. The firm’s 50 day moving average price is C$13.03 and its 200-day moving average price is C$12.45. Polaris Renewable Energy has a one year low of C$11.08 and a one year high of C$15.77.
Polaris Renewable Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.60 annualized dividend and a yield of 4.68%. Polaris Renewable Energy’s dividend payout ratio (DPR) is presently 109.33%.
Polaris Renewable Energy Company Profile
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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