Analysts Set Expectations for TSE:PIF FY2024 Earnings

Polaris Renewable Energy Inc. (TSE:PIF) – Research analysts at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for Polaris Renewable Energy in a research report issued on Thursday, November 21st. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of $0.39 for the year, down from their prior forecast of $0.46. 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 $0.01 EPS.

Separately, Raymond James upped their price target 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.

Polaris Renewable Energy Stock Performance

Shares of TSE:PIF opened at C$13.02 on Monday. Polaris Renewable Energy has a one year low of C$11.08 and a one year high of C$14.14. The firm has a market cap of C$274.46 million, a PE ratio of 26.04, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The firm’s 50 day simple moving average is C$12.43 and its 200-day simple moving average is C$12.57. The company has a debt-to-equity ratio of 62.63, a quick ratio of 1.64 and a current ratio of 1.86.

Insider Buying and Selling

In related news, Director Marc Murnaghan purchased 41,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was bought at an average cost of C$12.49 per share, with a total value of C$518,413.85. 2.94% of the stock is currently owned by corporate insiders.

Polaris Renewable Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a dividend of $0.203 per share. This represents a $0.81 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date was Friday, November 8th. Polaris Renewable Energy’s dividend payout ratio is presently 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.