Raymond James Financial Estimates TSE:PIF FY2026 Earnings

Key Points

• Raymond James Financial has reduced its FY2026 earnings per share estimate for Polaris Renewable Energy from $0.74 to $0.64, maintaining a "Moderate Buy" rating on the stock.
• Polaris Renewable Energy recently declared a quarterly dividend of $0.15 per share, representing a 4.8% yield, although the payout ratio is notably high at 169.88%.
• Director Marc Murnaghan purchased 7,500 shares of Polaris Renewable Energy at an average cost of C$11.98 per share, indicating insider confidence in the company.

Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Stock analysts at Raymond James Financial dropped their FY2026 earnings per share estimates for Polaris Renewable Energy in a research report issued to clients and investors on Thursday, July 31st. Raymond James Financial analyst D. Magder now expects that the company will post earnings per share of $0.64 for the year, down from their prior forecast of $0.74. Raymond James Financial 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 a number of other research reports. Cormark lowered shares of Polaris Renewable Energy from a "strong-buy" rating to a "moderate buy" rating in a research note on Friday, August 1st. National Bank Financial raised shares of Polaris Renewable Energy to a "strong-buy" rating in a research report on Sunday, June 8th.

Polaris Renewable Energy Trading Up 0.4%

PIF traded up C$0.05 during midday trading on Monday, reaching C$12.55. 31,187 shares of the company were exchanged, compared to its average volume of 30,825. Polaris Renewable Energy has a one year low of C$10.70 and a one year high of C$13.66. 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 stock has a market capitalization of C$186.51 million, a P/E ratio of 26.00, a PEG ratio of 3.28 and a beta of 0.97. The stock's 50-day simple moving average is C$12.10 and its 200 day simple moving average is C$12.04.

Polaris Renewable Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 22nd will be paid a $0.15 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.8%. Polaris Renewable Energy's dividend payout ratio (DPR) is currently 169.88%.

Insider Buying and Selling

In other news, Director Marc Murnaghan acquired 7,500 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was bought at an average price of C$11.98 per share, with a total value of C$89,850.00. 2.94% of the stock is currently owned by corporate insiders.

About Polaris Renewable Energy

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.