Q4 2024 EPS Estimates for Altius Renewable Royalties Corp. (TSE:ARR) Cut by Ventum Cap Mkts

Altius Renewable Royalties Corp. (TSE:ARR) – Equities research analysts at Ventum Cap Mkts decreased their Q4 2024 EPS estimates for shares of Altius Renewable Royalties in a research note issued on Monday, May 6th. Ventum Cap Mkts analyst D. Schilling now expects that the company will earn ($0.01) per share for the quarter, down from their previous estimate of $0.03. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.05 per share.

Altius Renewable Royalties (TSE:ARR) last released its quarterly earnings results on Thursday, May 2nd. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of C$1.47 million for the quarter, compared to analyst estimates of C$1.50 million.

Separately, TD Securities increased their price target on shares of 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. 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 a consensus target price of C$11.90.

Altius Renewable Royalties Stock Up 0.3 %

Shares of TSE:ARR opened at C$9.31 on Wednesday. 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 firm 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 has a 12 month low of C$6.60 and a 12 month high of C$9.75. The company’s 50-day moving average price is C$9.03 and its two-hundred day moving average price is C$8.16.

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.