Cormark Weighs in on Polaris Renewable Energy Inc.’s Q2 2024 Earnings (TSE:PIF)

Polaris Renewable Energy Inc. (TSE:PIF) – Investment analysts at Cormark issued their Q2 2024 EPS estimates for shares of Polaris Renewable Energy in a report released on Tuesday, July 23rd. Cormark analyst N. Boychuk forecasts that the company will post earnings per share of $0.15 for the quarter. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.70 per share. Cormark also issued estimates for Polaris Renewable Energy’s FY2025 earnings at $0.77 EPS.

Polaris Renewable Energy (TSE:PIF) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C$0.28 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.10. Polaris Renewable Energy had a net margin of 14.42% and a return on equity of 4.21%. The business had revenue of C$27.82 million during the quarter, compared to analyst estimates of C$28.01 million.

A number of other analysts have also commented on PIF. National Bankshares lifted 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. Raymond James lowered their price target on shares of Polaris Renewable Energy from C$21.50 to C$19.00 and set a “strong-buy” rating for the company in a research report on Thursday, April 25th.

Polaris Renewable Energy Stock Up 2.4 %

TSE PIF opened at C$12.97 on Thursday. The company has a debt-to-equity ratio of 63.65, a quick ratio of 1.64 and a current ratio of 1.87. Polaris Renewable Energy has a 52 week low of C$11.08 and a 52 week high of C$15.77. The stock has a market capitalization of C$273.41 million, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 3.28 and a beta of 0.89. The stock has a fifty day moving average of C$13.01 and a 200-day moving average of C$12.47.

Polaris Renewable Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were given a $0.15 dividend. The ex-dividend date was Friday, May 10th. This represents a $0.60 annualized dividend and a dividend yield of 4.63%. Polaris Renewable Energy’s dividend payout ratio is currently 109.33%.

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.