Q1 2024 Earnings Forecast for Polaris Renewable Energy Inc. (TSE:PIF) Issued By National Bank Financial

Polaris Renewable Energy Inc. (TSE:PIF) – Investment analysts at National Bank Financial raised their Q1 2024 earnings estimates for shares of Polaris Renewable Energy in a research report issued on Tuesday, April 16th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings per share of $0.19 for the quarter, up from their previous estimate of $0.16. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.57 per share. National Bank Financial also issued estimates for Polaris Renewable Energy’s Q2 2024 earnings at $0.10 EPS, Q3 2024 earnings at $0.10 EPS, Q4 2024 earnings at $0.18 EPS, FY2024 earnings at $0.55 EPS and FY2025 earnings at $1.05 EPS.

Polaris Renewable Energy Trading Up 0.3 %

Shares of PIF stock opened at C$11.57 on Thursday. The firm has a 50 day moving average price of C$11.78 and a two-hundred day moving average price of C$12.67. The company has a quick ratio of 1.64, a current ratio of 1.72 and a debt-to-equity ratio of 64.88. The company has a market capitalization of C$243.90 million, a PE ratio of 15.22, a price-to-earnings-growth ratio of 3.28 and a beta of 0.89. Polaris Renewable Energy has a 12-month low of C$11.08 and a 12-month high of C$15.77.

Polaris Renewable Energy (TSE:PIF) last issued its earnings results on Thursday, February 22nd. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.03). Polaris Renewable Energy had a net margin of 14.96% and a return on equity of 4.37%. The firm had revenue of C$25.53 million during the quarter, compared to analyst estimates of C$27.11 million.

Polaris Renewable Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were given a dividend of $0.15 per share. The ex-dividend date was Friday, February 9th. This represents a $0.60 annualized dividend and a yield of 5.19%. Polaris Renewable Energy’s dividend payout ratio (DPR) is presently 106.58%.

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.