FY2024 Earnings Forecast for TSE:PIF Issued By Raymond James

Polaris Renewable Energy Inc. (TSE:PIF) – Investment analysts at Raymond James decreased their FY2024 earnings per share estimates for shares of Polaris Renewable Energy in a report released on Thursday, October 31st. Raymond James analyst D. Quezada now forecasts that the company will post earnings of $0.55 per share for the year, down from their previous estimate of $0.68. Raymond James currently has a “Strong-Buy” rating and a $21.00 price target on the stock. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share. Raymond James also issued estimates for Polaris Renewable Energy’s Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.25 EPS and FY2025 earnings at $0.75 EPS.

Separately, National Bankshares boosted their price target 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.

Polaris Renewable Energy Price Performance

TSE PIF opened at C$12.40 on Monday. Polaris Renewable Energy has a twelve month low of C$11.08 and a twelve month 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 stock has a market capitalization of C$261.39 million, a PE ratio of 24.80, a P/E/G ratio of 3.28 and a beta of 0.97. The stock has a 50-day simple moving average of C$12.31 and a 200 day simple moving average of C$12.50.

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 paid a $0.203 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.81 annualized dividend and a dividend yield of 6.55%. Polaris Renewable Energy’s dividend payout ratio is currently 164.00%.

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.