FY2024 EPS Estimates for TSE:PIF Cut by Clarus Securities

Polaris Renewable Energy Inc. (TSE:PIF) – Equities research analysts at Clarus Securities reduced their FY2024 earnings per share (EPS) estimates for Polaris Renewable Energy in a report issued on Friday, November 1st. Clarus Securities analyst S. Kammermayer now forecasts that the company will earn $0.44 per share for the year, down from their previous forecast of $0.52. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share. Clarus Securities also issued estimates for Polaris Renewable Energy’s Q4 2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.65 EPS, Q1 2026 earnings at $0.23 EPS, Q2 2026 earnings at $0.28 EPS, Q3 2026 earnings at $0.26 EPS and FY2026 earnings at $1.01 EPS.

Polaris Renewable Energy (TSE:PIF) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.07 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.03). The business had revenue of C$25.59 million for the quarter, compared to analyst estimates of C$25.50 million. Polaris Renewable Energy had a net margin of 10.08% and a return on equity of 2.88%.

A number of other research firms have also issued reports on PIF. National Bankshares increased their target price on Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Raymond James increased their price objective on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the company a “strong-buy” rating in a research report on Friday.

Polaris Renewable Energy Stock Up 0.8 %

Shares of TSE PIF opened at C$12.10 on Monday. The stock has a fifty day moving average price of C$12.31 and a 200 day moving average price of C$12.50. The company has a current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63. Polaris Renewable Energy has a 12-month low of C$11.08 and a 12-month high of C$14.14. The company has a market cap of C$255.07 million, a P/E ratio of 24.20, a P/E/G ratio of 3.28 and a beta of 0.97.

Polaris Renewable Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be given a $0.203 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.81 dividend on an annualized basis and a yield of 6.71%. Polaris Renewable Energy’s 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.