Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Analysts at Cormark reduced their FY2026 earnings estimates for Polaris Renewable Energy in a research note issued to investors on Friday, August 1st. Cormark analyst N. Boychuk now expects that the company will earn $0.95 per share for the year, down from their prior estimate of $0.96. Cormark currently has a "Moderate Buy" rating on the stock. The consensus estimate for Polaris Renewable Energy's current full-year earnings is $0.65 per share.
PIF has been the topic of several other reports. Raymond James Financial lowered shares of Polaris Renewable Energy from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, May 1st. National Bank Financial raised shares of Polaris Renewable Energy to a "strong-buy" rating in a report on Sunday, June 8th.
Read Our Latest Research Report on PIF
Polaris Renewable Energy Price Performance
PIF traded up C$0.19 on Monday, hitting C$12.64. 71,821 shares of the company were exchanged, compared to its average volume of 30,757. The company has a debt-to-equity ratio of 57.48, a quick ratio of 1.64 and a current ratio of 1.82. The business's fifty day moving average is C$12.07 and its 200 day moving average is C$12.03. Polaris Renewable Energy has a fifty-two week low of C$10.70 and a fifty-two week high of C$13.66. The firm has a market capitalization of C$187.85 million, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97.
Polaris Renewable Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 23rd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, May 12th. Polaris Renewable Energy's dividend payout ratio (DPR) is 169.88%.
Insider Buying and Selling at Polaris Renewable Energy
In other news, Director Marc Murnaghan bought 7,500 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were acquired at an average cost of C$11.98 per share, with a total value of C$89,850.00. 2.94% of the stock is currently owned by company insiders.
About Polaris Renewable Energy
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Polaris Infrastructure Inc is engaged in the acquisition, exploration, development and operation of geothermal and hydroelectric energy projects. The company, through its subsidiaries, owns and operates a 72-megawatt capacity geothermal facility (the San Jacinto Project), located in northwest Nicaragua.
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