Altius Renewable Royalties (TSE:ARR) Announces Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Altius Renewable Royalties (TSE:ARR) released its quarterly earnings data on Thursday. The company reported C($0.01) earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.05), reports. Altius Renewable Royalties had a negative net margin of 227.79% and a negative return on equity of 0.60%. The firm had revenue of C$1.47 million during the quarter, compared to analysts’ expectations of C$1.50 million.

Altius Renewable Royalties Price Performance

ARR stock opened at C$9.27 on Friday. Altius Renewable Royalties has a 52-week low of C$6.60 and a 52-week high of C$9.75. The stock’s fifty day simple moving average is C$8.95 and its 200-day simple moving average is C$8.15. The company has a quick ratio of 102.67, a current ratio of 209.99 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of C$285.42 million, a price-to-earnings ratio of -185.40 and a beta of 0.96.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. TD Securities raised their price objective on Altius Renewable Royalties from C$11.50 to C$12.50 and gave the company a “buy” rating in a research note on Friday, March 1st. National Bankshares increased their target price on Altius Renewable Royalties from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$11.90.

About Altius Renewable Royalties

Altius Renewable Royalties Corp., a renewable energy royalty company, engages in the acquisition and management of renewable energy investments and royalties in North America. The company holds interests in a portfolio of 2,068 MW of operational wind, solar, and hydroelectric projects located in Texas, Kansas, California, and Vermont.