Cormark Cuts Earnings Estimates for Polaris Renewable Energy

Polaris Renewable Energy Inc. (TSE:PIF) – Research analysts at Cormark cut their FY2025 earnings per share (EPS) estimates for shares of Polaris Renewable Energy in a research report issued to clients and investors on Thursday, January 23rd. Cormark analyst N. Boychuk now anticipates that the company will post earnings per share of $0.48 for the year, down from their prior estimate 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 increased their price objective on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a “strong-buy” rating in a report on Friday, November 1st.

Polaris Renewable Energy Trading Down 0.2 %

Shares of TSE PIF opened at C$12.93 on Friday. The firm has a market capitalization of C$272.56 million, a PE ratio of 25.86, a PEG ratio of 3.28 and a beta of 0.97. 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$13.08 and a two-hundred day moving average price of C$12.63. Polaris Renewable Energy has a one year low of C$11.08 and a one year high of C$14.14.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings results on Thursday, October 31st. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the business posted $0.07 EPS.

Polaris Renewable Energy Cuts Dividend

The firm also recently announced 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 annualized dividend and a yield of 6.28%. The ex-dividend date was Friday, November 8th. Polaris Renewable Energy’s payout ratio is 164.00%.

Insider Buying and Selling at Polaris Renewable Energy

In other 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, for a total transaction of C$518,413.85. Corporate insiders own 2.94% of the company’s stock.

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.