Cormark Analysts Cut Earnings Estimates for Altius Renewable Royalties Corp. (TSE:ARR)

Altius Renewable Royalties Corp. (TSE:ARR - Free Report) - Research analysts at Cormark lowered their FY2024 earnings estimates for shares of Altius Renewable Royalties in a report released on Monday, May 6th. Cormark analyst N. Boychuk now anticipates that the company will post earnings of $0.16 per share for the year, down from their prior estimate of $0.36. The consensus estimate for Altius Renewable Royalties' current full-year earnings is $0.05 per share.

Separately, TD Securities boosted their price objective 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of C$11.90.

Altius Renewable Royalties Stock Performance

Altius Renewable Royalties has a 1-year low of C$6.60 and a 1-year high of C$9.75. The company has a market capitalization of C$292.20 million, a P/E ratio of -190.00 and a beta of 0.96. The business has a 50 day moving average of C$9.06 and a two-hundred day moving average of C$8.16. The company has a quick ratio of 102.67, a current ratio of 209.99 and a debt-to-equity ratio of 0.12.

Altius Renewable Royalties (TSE:ARR - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C($0.01) EPS 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 business had revenue of C$1.47 million for the quarter, compared to the consensus estimate of C$1.50 million.

Altius Renewable Royalties Company Profile

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.