Cormark Has Bearish Estimate for TSE:PIF FY2025 Earnings

Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Equities researchers at Cormark dropped their FY2025 EPS estimates for Polaris Renewable Energy in a note issued to investors on Monday, April 28th. Cormark analyst N. Boychuk now forecasts that the company will post earnings per share of $0.01 for the year, down from their previous estimate of $0.03. The consensus estimate for Polaris Renewable Energy's current full-year earnings is $0.65 per share. Cormark also issued estimates for Polaris Renewable Energy's FY2026 earnings at $1.00 EPS.

Other research analysts have also issued reports about the stock. Raymond James lowered shares of Polaris Renewable Energy from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday. National Bankshares dropped their price objective on Polaris Renewable Energy from C$23.00 to C$22.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th.

Polaris Renewable Energy Stock Performance

PIF stock traded up C$0.03 during midday trading on Tuesday, hitting C$11.58. 43,536 shares of the company traded hands, compared to its average volume of 35,395. Polaris Renewable Energy has a twelve month low of C$10.70 and a twelve month high of C$13.85. The stock has a market capitalization of C$172.10 million, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 57.48. The business has a 50 day simple moving average of C$11.78 and a 200-day simple moving average of C$12.44.

Polaris Renewable Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 5.18%. Polaris Renewable Energy's dividend payout ratio is currently 169.88%.

Insider Activity

In other news, Director Marc Murnaghan sold 2,301 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of C$12.52, for a total value of C$28,808.52. 2.94% of the stock is owned by company insiders.

About Polaris Renewable Energy

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.