National Bank Financial Estimates TSE:PIF FY2024 Earnings

Polaris Renewable Energy Inc. (TSE:PIF) – Research analysts at National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for shares of Polaris Renewable Energy in a note issued to investors on Thursday, November 21st. National Bank Financial analyst R. Merer now anticipates that the company will post earnings of $0.39 per share 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 raised their price target on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the company a “strong-buy” rating in a report on Friday, November 1st.

Polaris Renewable Energy Trading Up 9.7 %

Shares of PIF stock opened at C$13.22 on Monday. The firm has a fifty day moving average price of C$12.42 and a 200-day moving average price of C$12.57. 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 company has a market cap of C$278.68 million, a price-to-earnings ratio of 26.44, a PEG ratio of 3.28 and a beta of 0.97.

Polaris Renewable Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were paid a $0.203 dividend. This represents a $0.81 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date was Friday, November 8th. Polaris Renewable Energy’s payout ratio is 164.00%.

Insider Transactions at Polaris Renewable Energy

In related news, Director Marc Murnaghan purchased 41,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was bought at an average price of C$12.49 per share, for a total transaction of C$518,413.85. Insiders own 2.94% of the company’s stock.

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.