Analysts Set Expectations for TSE:PIF FY2024 Earnings

Polaris Renewable Energy Inc. (TSE:PIFFree Report) – Analysts at National Bank Financial reduced their FY2024 earnings per share estimates for Polaris Renewable Energy in a report released on Thursday, October 31st. National Bank Financial analyst R. Merer now expects that the company will earn $0.46 per share for the year, down from their prior forecast of $0.50. 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 $0.07 EPS and FY2025 earnings at $0.77 EPS.

PIF has been the topic of a number of other research reports. Raymond James increased their price objective 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 report on Friday, November 1st. National Bankshares lifted their price target on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th.

View Our Latest Research Report on Polaris Renewable Energy

Polaris Renewable Energy Stock Performance

Shares of Polaris Renewable Energy stock opened at C$12.62 on Monday. 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 business has a 50-day moving average price of C$12.32 and a two-hundred day moving average price of C$12.50. Polaris Renewable Energy has a 1-year low of C$11.08 and a 1-year high of C$14.14. The company has a market cap of C$266.03 million, a P/E ratio of 25.24, a PEG ratio of 3.28 and a beta of 0.97.

Polaris Renewable Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be issued a $0.203 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.81 annualized dividend and a dividend yield of 6.43%. Polaris Renewable Energy’s payout ratio is currently 164.00%.

About Polaris Renewable Energy

(Get Free Report)

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.

Featured Stories

Earnings History and Estimates for Polaris Renewable Energy (TSE:PIF)

Receive News & Ratings for Polaris Renewable Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Renewable Energy and related companies with MarketBeat.com's FREE daily email newsletter.