Brokers Offer Predictions for TSE:PIF FY2024 Earnings

Polaris Renewable Energy Inc. (TSE:PIF) – Equities research analysts at National Bank Financial decreased their FY2024 earnings per share estimates for Polaris Renewable Energy in a research report issued to clients and investors on Thursday, November 21st. National Bank Financial analyst R. Merer now expects that the company will post earnings of $0.39 per share for the year, down from their prior estimate of $0.46. 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 Q4 2024 earnings at $0.01 EPS.

Separately, Raymond James raised their price target on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the company a “strong-buy” rating in a research note on Friday, November 1st.

Polaris Renewable Energy Trading Up 9.7 %

PIF opened at C$13.22 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 stock’s fifty day moving average is C$12.42 and its two-hundred day moving average is C$12.57. The company has a market capitalization of C$278.68 million, a P/E ratio of 26.44, 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.

Polaris Renewable Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a dividend of $0.203 per share. The ex-dividend date was Friday, November 8th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 6.14%. Polaris Renewable Energy’s dividend payout ratio is presently 164.00%.

Insider Activity at Polaris Renewable Energy

In related news, Director Marc Murnaghan bought 41,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were bought at an average price of C$12.49 per share, for a total transaction of C$518,413.85. 2.94% of the stock is currently owned by corporate insiders.

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.