Altius Renewable Royalties Corp. (TSE:ARR - Free Report) - Investment analysts at National Bank Financial boosted their Q1 2024 earnings per share (EPS) estimates for Altius Renewable Royalties in a note issued to investors on Monday, April 22nd. National Bank Financial analyst R. Merer now expects that the company will post earnings of $0.04 per share for the quarter, up from their previous estimate of $0.01. The consensus estimate for Altius Renewable Royalties' current full-year earnings is $0.03 per share. National Bank Financial also issued estimates for Altius Renewable Royalties' Q4 2024 earnings at $0.04 EPS and FY2024 earnings at $0.08 EPS.
Several other research analysts have also recently weighed in on the company. TD Securities boosted their price target on Altius Renewable Royalties from C$11.50 to C$12.50 and gave the stock a "buy" rating in a research note on Friday, March 1st. National Bankshares boosted their price target on Altius Renewable Royalties from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 9th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$11.90.
Read Our Latest Stock Analysis on Altius Renewable Royalties
Altius Renewable Royalties Stock Down 0.5 %
Shares of ARR stock traded down C$0.05 during mid-day trading on Thursday, hitting C$9.45. The company's stock had a trading volume of 11,400 shares, compared to its average volume of 14,613. Altius Renewable Royalties has a 52-week low of C$6.60 and a 52-week high of C$9.75. The business has a 50-day moving average price of C$8.80 and a 200 day moving average price of C$8.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 102.67 and a current ratio of 233.62. The stock has a market cap of C$290.97 million, a price-to-earnings ratio of -189.00 and a beta of 0.96.
Altius Renewable Royalties (TSE:ARR - Get Free Report) last released its earnings results on Wednesday, March 6th. The company reported C($0.01) EPS for the quarter. Altius Renewable Royalties had a negative return on equity of 0.54% and a negative net margin of 40.19%. The company had revenue of C$1.32 million during the quarter, compared to the consensus estimate of C$0.62 million.
About Altius Renewable Royalties
(
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Altius Renewable Royalties Corp., a renewable energy royalty company, engages in the acquisition and management of renewable energy investments and royalties in North America. The company holds interests in a portfolio of 2,068 MW of operational wind, solar, and hydroelectric projects located in Texas, Kansas, California, and Vermont.
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