FY2024 Earnings Estimate for Altius Renewable Royalties Corp. (TSE:ARR) Issued By Cormark

Altius Renewable Royalties Corp. (TSE:ARRFree Report) – Stock analysts at Cormark cut their FY2024 EPS estimates for Altius Renewable Royalties in a report released on Monday, May 6th. Cormark analyst N. Boychuk now forecasts that the company will post earnings per share of $0.16 for the year, down from their previous estimate of $0.36. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.05 per share.

Altius Renewable Royalties (TSE:ARRGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported C($0.01) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$1.47 million during the quarter, compared to the consensus estimate of C$1.50 million.

Separately, TD Securities raised 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 issued a strong buy rating to the stock. According to MarketBeat.com, Altius Renewable Royalties has a consensus rating of “Buy” and an average target price of C$11.90.

Read Our Latest Report on Altius Renewable Royalties

Altius Renewable Royalties Stock Up 0.3 %

TSE ARR opened at C$9.31 on Thursday. The stock’s 50-day moving average price is C$9.06 and its 200-day moving average price is C$8.16. The company has a market capitalization of C$286.65 million, a P/E ratio of -186.20 and a beta of 0.96. The company has a quick ratio of 102.67, a current ratio of 209.99 and a debt-to-equity ratio of 0.12. Altius Renewable Royalties has a 52 week low of C$6.60 and a 52 week high of C$9.75.

About Altius Renewable Royalties

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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.

Further Reading

Earnings History and Estimates for Altius Renewable Royalties (TSE:ARR)

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