Brokers Set Expectations for Altius Renewable Royalties Corp.’s Q2 2024 Earnings (TSE:ARR)

Altius Renewable Royalties Corp. (TSE:ARR) – Ventum Cap Mkts issued their Q2 2024 earnings per share (EPS) estimates for Altius Renewable Royalties in a note issued to investors on Monday, May 6th. Ventum Cap Mkts analyst D. Schilling forecasts that the company will post earnings per share of ($0.03) for the quarter. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.05 per share. Ventum Cap Mkts also issued estimates for Altius Renewable Royalties’ Q3 2024 earnings at ($0.03) EPS, FY2024 earnings at ($0.08) EPS and FY2025 earnings at ($0.11) EPS.

Altius Renewable Royalties (TSE:ARR) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C($0.01) EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.05). Altius Renewable Royalties had a negative net margin of 227.79% and a negative return on equity of 0.60%. The company had revenue of C$1.47 million for the quarter, compared to analyst estimates of C$1.50 million.

Separately, TD Securities raised their price objective on shares of Altius Renewable Royalties from C$11.50 to C$12.50 and gave the stock a “buy” rating in a research note on Friday, March 1st. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$11.90.

Altius Renewable Royalties Trading Up 0.3 %

Shares of ARR stock opened at C$9.31 on Thursday. Altius Renewable Royalties has a 12 month low of C$6.60 and a 12 month high of C$9.75. 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 business’s 50 day moving average is C$9.06 and its two-hundred day moving average is C$8.16. The company has a market cap of C$286.65 million, a PE ratio of -186.20 and a beta of 0.96.

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.