Equities Analysts Issue Forecasts for TSE:PIF Q1 Earnings

Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Investment analysts at Cormark issued their Q1 2025 earnings per share (EPS) estimates for shares of Polaris Renewable Energy in a research note issued on Monday, April 28th. Cormark analyst N. Boychuk forecasts that the company will post earnings per share of ($0.49) for the quarter. The consensus estimate for Polaris Renewable Energy's current full-year earnings is $0.65 per share.

Several other research firms have also commented on PIF. National Bankshares dropped their price target on Polaris Renewable Energy from C$23.00 to C$22.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. Raymond James downgraded Polaris Renewable Energy from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday.

Polaris Renewable Energy Price Performance

Shares of TSE:PIF traded down C$0.08 on Wednesday, reaching C$11.50. The company's stock had a trading volume of 7,436 shares, compared to its average volume of 35,062. The company has a 50-day simple moving average of C$11.78 and a 200 day simple moving average of C$12.44. 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 company has a market cap of C$170.91 million, a P/E ratio of 23.82, a PEG ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a 52-week low of C$10.70 and a 52-week high of C$13.85.

Insider Transactions at Polaris Renewable Energy

In other news, Director Marc Murnaghan sold 2,301 shares of Polaris Renewable Energy 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 Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 28th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.22%. Polaris Renewable Energy's dividend payout ratio is 169.88%.

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.