Q2 EPS Forecast for Polaris Renewable Energy Cut by Analyst

Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Equities research analysts at Raymond James reduced their Q2 2026 earnings per share estimates for shares of Polaris Renewable Energy in a report issued on Thursday, May 1st. Raymond James analyst D. Magder now expects that the company will post earnings of $0.21 per share for the quarter, down from their prior estimate of $0.22. Raymond James 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. Raymond James also issued estimates for Polaris Renewable Energy's Q3 2026 earnings at $0.17 EPS and Q4 2026 earnings at $0.25 EPS.

Other equities analysts have also issued reports about the stock. Cormark raised their target price on shares of Polaris Renewable Energy from C$23.50 to C$25.00 in a research report on Thursday, January 30th. National Bankshares dropped their price target on Polaris Renewable Energy from C$23.00 to C$22.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th.

Polaris Renewable Energy Trading Up 0.1 %

PIF traded up C$0.01 during trading hours on Monday, reaching C$11.58. 18,760 shares of the company's stock traded hands, compared to its average volume of 34,691. Polaris Renewable Energy has a 52-week low of C$10.70 and a 52-week high of C$13.85. The firm has a market capitalization of C$172.10 million, a PE ratio of 23.99, a PEG ratio of 3.28 and a beta of 0.97. The firm has a 50-day moving average price of C$11.75 and a 200 day moving average price of C$12.43. The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 57.48.

Polaris Renewable Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 5.18%. Polaris Renewable Energy's dividend payout ratio (DPR) is presently 169.88%.

Insider Activity

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

Polaris Renewable Energy Company Profile

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.