What is Cormark’s Forecast for TSE:PIF FY2025 Earnings?

Polaris Renewable Energy Inc. (TSE:PIF) – Stock analysts at Cormark cut their FY2025 EPS estimates for Polaris Renewable Energy in a research note issued to investors on Thursday, January 23rd. Cormark analyst N. Boychuk now forecasts that the company will post earnings of $0.48 per share for the year, down from their prior forecast of $0.49. 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 FY2026 earnings at $1.08 EPS.

Separately, Raymond James boosted their price objective on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the company a “strong-buy” rating in a report on Friday, November 1st.

Polaris Renewable Energy Price Performance

TSE:PIF opened at C$12.95 on Friday. The company has a market capitalization of C$272.99 million, a P/E ratio of 25.90, a P/E/G ratio of 3.28 and a beta of 0.97. The company has a quick ratio of 1.64, a current ratio of 1.86 and a debt-to-equity ratio of 62.63. Polaris Renewable Energy has a 52 week low of C$11.08 and a 52 week high of C$14.14. The stock’s fifty day moving average is C$13.07 and its two-hundred day moving average is C$12.63.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings results on Thursday, October 31st. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.08 by C($0.05). Polaris Renewable Energy had a net margin of 10.08% and a return on equity of 2.88%. During the same quarter in the previous year, the business posted $0.07 EPS.

Insiders Place Their Bets

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

Polaris Renewable Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a $0.203 dividend. This represents a $0.81 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date was Friday, November 8th. Polaris Renewable Energy’s payout ratio is 164.00%.

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.