Ventum Cap Mkts Brokers Raise Earnings Estimates for TSE:PIF

Polaris Renewable Energy Inc. (TSE:PIF) – Ventum Cap Mkts lifted their FY2025 earnings per share estimates for shares of Polaris Renewable Energy in a report issued on Friday, November 1st. Ventum Cap Mkts analyst D. Schilling now anticipates that the company will post earnings per share of $0.72 for the year, up from their previous forecast of $0.61. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.07 earnings per share (EPS) 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 the consensus estimate 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 brokerages have also recently weighed in on PIF. National Bankshares upped their price objective on Polaris Renewable Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Raymond James raised their price target on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the company a “strong-buy” rating in a report on Friday.

Polaris Renewable Energy Stock Up 0.8 %

Polaris Renewable Energy stock opened at C$12.10 on Monday. The company has a quick ratio of 1.64, a current ratio of 1.86 and a debt-to-equity ratio of 62.63. The firm 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. The business has a fifty day moving average of C$12.31 and a two-hundred day moving average of C$12.50. Polaris Renewable Energy has a twelve month low of C$11.08 and a twelve month high of C$14.14.

Polaris Renewable Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be issued a dividend of $0.203 per share. The ex-dividend date is Friday, November 8th. This represents a $0.81 annualized dividend and a dividend yield of 6.71%. Polaris Renewable Energy’s dividend payout ratio 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.