TSE:PIF Q3 EPS Estimate Decreased by National Bank Financial

Polaris Renewable Energy Inc. (TSE:PIF) – National Bank Financial lowered their Q3 2024 EPS estimates for shares of Polaris Renewable Energy in a note issued to investors on Tuesday, October 15th. National Bank Financial analyst R. Merer now expects that the company will post earnings of $0.01 per share for the quarter, down from their prior forecast of $0.07. 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 FY2024 earnings at $0.50 EPS and FY2025 earnings at $0.84 EPS.

Separately, National Bankshares increased their target price 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 Price Performance

TSE PIF opened at C$12.79 on Thursday. The company has a 50-day moving average price of C$12.23 and a 200-day moving average price of C$12.46. The firm has a market capitalization of C$269.61 million, a P/E ratio of 25.58, 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 quick ratio of 1.64, a current ratio of 1.86 and a debt-to-equity ratio of 62.63.

Polaris Renewable Energy (TSE:PIF) last released 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). Polaris Renewable Energy had a net margin of 10.08% and a return on equity of 2.88%. The business had revenue of C$25.59 million for the quarter, compared to analysts’ expectations of C$25.50 million.

Polaris Renewable Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a dividend of $0.205 per share. This is an increase from Polaris Renewable Energy’s previous quarterly dividend of $0.15. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend was Monday, August 12th. 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.