What is Clarus Securities’ Estimate for TSE:PIF Q4 Earnings?

Polaris Renewable Energy Inc. (TSE:PIF) – Analysts at Clarus Securities lowered their Q4 2024 earnings per share (EPS) estimates for shares of Polaris Renewable Energy in a note issued to investors on Wednesday, October 30th. Clarus Securities analyst S. Kammermayer now anticipates that the company will earn $0.11 per share for the quarter, down from their previous estimate of $0.19. 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 Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.76 EPS.

Other analysts also recently issued reports about the company. National Bankshares raised their target price 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 increased their target price on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a “strong-buy” rating in a research note on Friday.

Polaris Renewable Energy Stock Performance

TSE:PIF opened at C$12.10 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63. The company’s 50-day moving average price is C$12.31 and its 200-day moving average price is C$12.50. 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 has a twelve month low of C$11.08 and a twelve month high of C$14.14.

Polaris Renewable Energy (TSE:PIF) last released its earnings results 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 analysts’ expectations 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be given a dividend of $0.203 per share. The ex-dividend date of this dividend 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%.

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.