What is Cormark’s Estimate for TSE:PIF Q3 Earnings?

Polaris Renewable Energy Inc. (TSE:PIF) – Equities researchers at Cormark issued their Q3 2024 earnings per share estimates for Polaris Renewable Energy in a note issued to investors on Monday, October 21st. Cormark analyst N. Boychuk expects that the company will earn $0.08 per share for the quarter. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share. Cormark also issued estimates for Polaris Renewable Energy’s FY2024 earnings at $0.57 EPS.

Separately, National Bankshares boosted 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 report on Tuesday, July 16th.

Polaris Renewable Energy Trading Down 0.7 %

Shares of PIF stock opened at C$12.22 on Wednesday. The stock’s fifty day moving average price is C$12.27 and its two-hundred day moving average price is C$12.48. The company has a market cap of C$257.60 million, a PE ratio of 24.44, a P/E/G ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a fifty-two week low of C$11.08 and a fifty-two week 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.

Polaris Renewable Energy (TSE:PIF) last announced its 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 firm 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 return on equity of 2.88% and a net margin of 10.08%.

Polaris Renewable Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a dividend of $0.205 per share. This is a positive change from Polaris Renewable Energy’s previous quarterly dividend of $0.15. This represents a $0.82 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date of this dividend was Monday, August 12th. Polaris Renewable Energy’s 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.