Q3 Earnings Forecast for TSE:PIF Issued By Cormark

Polaris Renewable Energy Inc. (TSE:PIF) – Investment analysts at Cormark issued their Q3 2024 earnings per share estimates for Polaris Renewable Energy in a research note issued on Monday, October 21st. Cormark analyst N. Boychuk expects that the company will earn $0.08 per share for the quarter. 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 FY2024 earnings at $0.57 EPS.

Separately, National Bankshares increased their price objective on Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th.

Polaris Renewable Energy Price Performance

Shares of TSE:PIF opened at C$12.31 on Wednesday. Polaris Renewable Energy has a 1-year low of C$11.08 and a 1-year high of C$14.14. The company has a debt-to-equity ratio of 62.63, a current ratio of 1.86 and a quick ratio of 1.64. The business has a fifty day moving average price of C$12.26 and a 200-day moving average price of C$12.47. The company has a market capitalization of C$259.49 million, a PE ratio of 24.62, a PEG ratio of 3.28 and a beta of 0.97.

Polaris Renewable Energy (TSE:PIF) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.07 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of C$25.50 million.

Polaris Renewable Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.82 annualized dividend and a dividend yield of 6.66%. This is an increase from Polaris Renewable Energy’s previous quarterly dividend of $0.15. Polaris Renewable Energy’s payout ratio is currently 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.