Polaris Renewable Energy (PIF) Scheduled to Post Quarterly Earnings on Thursday

Polaris Renewable Energy (TSE:PIF) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of C$0.11 per share for the quarter.

Polaris Renewable Energy (TSE:PIF) last announced its quarterly 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). Polaris Renewable Energy had a net margin of 10.08% and a return on equity of 2.88%. The company had revenue of C$25.59 million during the quarter, compared to analysts’ expectations of C$25.50 million.

Polaris Renewable Energy Stock Down 3.1 %

Shares of TSE PIF opened at C$12.31 on Thursday. The stock has a market capitalization of C$259.49 million, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a 52 week low of C$11.08 and a 52 week high of C$14.14. The firm has a 50-day moving average price of C$12.26 and a 200 day moving average price of C$12.47. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were paid a $0.205 dividend. This is an increase from Polaris Renewable Energy’s previous quarterly dividend of $0.15. This represents a $0.82 annualized dividend and a yield of 6.66%. The ex-dividend date was Monday, August 12th. Polaris Renewable Energy’s dividend payout ratio (DPR) is presently 164.00%.

Analyst Ratings Changes

Separately, National Bankshares lifted their target price on shares of 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.

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.