Equities Analysts Issue Forecasts for Altius Renewable Royalties Corp.’s Q2 2024 Earnings (TSE:ARR)

Altius Renewable Royalties Corp. (TSE:ARR) – Equities researchers at National Bank Financial issued their Q2 2024 earnings estimates for Altius Renewable Royalties in a research report issued to clients and investors on Sunday, May 5th. National Bank Financial analyst R. Merer forecasts that the company will earn ($0.04) per share for the quarter. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.05 per share. National Bank Financial also issued estimates for Altius Renewable Royalties’ Q4 2024 earnings at $0.01 EPS, FY2024 earnings at ($0.05) EPS, FY2025 earnings at $0.08 EPS and FY2026 earnings at $0.21 EPS.

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

Separately, TD Securities increased their target price 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 research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$11.90.

Altius Renewable Royalties Trading Up 0.3 %

Shares of ARR stock opened at C$9.31 on Wednesday. Altius Renewable Royalties has a fifty-two week low of C$6.60 and a fifty-two week high of C$9.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 102.67 and a current ratio of 209.99. The stock has a 50 day simple moving average of C$9.03 and a two-hundred day simple moving average of C$8.16. The company has a market cap of C$286.65 million, a P/E ratio of -185.60 and a beta of 0.96.

Altius Renewable Royalties Company Profile

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.