Altius Renewable Royalties Corp. (TSE:ARR - Free Report) - Equities researchers at Ventum Cap Mkts reduced their Q4 2024 earnings per share estimates for Altius Renewable Royalties in a note issued to investors on Monday, May 6th. Ventum Cap Mkts analyst D. Schilling now expects that the company will earn ($0.01) per share for the quarter, down from their previous forecast of $0.03. The consensus estimate for Altius Renewable Royalties' current full-year earnings is $0.05 per share.
Altius Renewable Royalties (TSE:ARR - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C($0.01) earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.05). Altius Renewable Royalties had a negative return on equity of 0.60% and a negative net margin of 227.79%. The firm had revenue of C$1.47 million for the quarter, compared to the consensus estimate of C$1.50 million.
A number of other analysts also recently weighed in on ARR. National Bankshares upped their target price on Altius Renewable Royalties from C$10.00 to C$11.00 and gave the company an "outperform" rating in a research report on Tuesday, January 9th. TD Securities upped their price target on shares of Altius Renewable Royalties from C$11.50 to C$12.50 and gave the stock a "buy" rating in a report on Friday, March 1st. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Altius Renewable Royalties presently has an average rating of "Buy" and an average price target of C$11.90.
View Our Latest Stock Analysis on ARR
Altius Renewable Royalties Stock Performance
Altius Renewable Royalties stock traded up C$0.03 during midday trading on Wednesday, hitting C$9.31. The company's stock had a trading volume of 3,275 shares, compared to its average volume of 13,761. The company has a debt-to-equity ratio of 0.12, a current ratio of 209.99 and a quick ratio of 102.67. The company has a market cap of C$286.65 million, a price-to-earnings ratio of -185.60 and a beta of 0.96. The company has a 50-day moving average price of C$9.03 and a two-hundred day moving average price of C$8.16. Altius Renewable Royalties has a 1-year low of C$6.60 and a 1-year high of C$9.75.
Altius Renewable Royalties Company Profile
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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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