Polaris Renewable Energy Inc. (TSE:PIF – Free Report) – Equities researchers at National Bank Financial lifted their FY2025 earnings per share estimates for shares of Polaris Renewable Energy in a research report issued to clients and investors on Monday, July 15th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings of $0.98 per share for the year, up from their prior estimate of $0.96. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.70 per share.
PIF has been the topic of several other research reports. Raymond James dropped their price objective on Polaris Renewable Energy from C$21.50 to C$19.00 and set a “strong-buy” rating on the stock in a research note on Thursday, April 25th. National Bankshares upped their price objective on Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Tuesday.
Shares of TSE PIF opened at C$12.95 on Thursday. Polaris Renewable Energy has a twelve month low of C$11.08 and a twelve month high of C$15.77. The company has a quick ratio of 1.64, a current ratio of 1.87 and a debt-to-equity ratio of 63.65. The stock’s 50 day moving average price is C$12.97 and its 200-day moving average price is C$12.48. The company has a market capitalization of C$272.99 million, a PE ratio of 17.27, a PEG ratio of 3.28 and a beta of 0.89.
Polaris Renewable Energy (TSE:PIF – Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported C$0.28 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.10. Polaris Renewable Energy had a return on equity of 4.21% and a net margin of 14.42%. The firm had revenue of C$27.82 million for the quarter, compared to the consensus estimate of C$28.01 million.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.60 dividend on an annualized basis and a yield of 4.63%. Polaris Renewable Energy’s payout ratio is 109.33%.
Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.
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