What is Ventum Cap Mkts’ Estimate for TSE:PIF Q4 Earnings?

Polaris Renewable Energy Inc. (TSE:PIF) – Stock analysts at Ventum Cap Mkts dropped their Q4 2024 EPS estimates for Polaris Renewable Energy in a research report issued on Tuesday, October 29th. Ventum Cap Mkts analyst D. Schilling now forecasts that the company will post earnings per share of $0.12 for the quarter, down from their previous estimate of $0.13. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share.

Other research analysts have also issued reports about the company. Raymond James boosted their target price 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. National Bankshares upped their price objective on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th.

Polaris Renewable Energy Price Performance

Shares of TSE PIF opened at C$12.10 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.86 and a debt-to-equity ratio of 62.63. The business’s 50 day moving average price is C$12.31 and its two-hundred day moving average price is C$12.50. The company has a market cap of C$255.07 million, a PE ratio of 24.20, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a twelve month low of C$11.08 and a twelve month high of C$14.14.

Polaris Renewable Energy (TSE:PIF) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.07 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 firm had revenue of C$25.59 million during the quarter, compared to the consensus estimate of C$25.50 million.

Polaris Renewable Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be issued a dividend of $0.203 per share. The ex-dividend date is Friday, November 8th. This represents a $0.81 annualized dividend and a yield of 6.71%. Polaris Renewable Energy’s payout ratio is currently 164.00%.

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.