Polaris Renewable Energy Inc. (TSE:PIF – Free Report) – Analysts at Raymond James decreased their Q1 2024 earnings per share estimates for Polaris Renewable Energy in a report issued on Thursday, April 25th. Raymond James analyst D. Quezada now forecasts that the company will earn $0.11 per share for the quarter, down from their previous forecast of $0.14. Raymond James currently has a “Strong-Buy” rating and a $19.00 target price on the stock. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.57 per share.
Polaris Renewable Energy (TSE:PIF – Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.03). Polaris Renewable Energy had a net margin of 14.96% and a return on equity of 4.37%. The firm had revenue of C$25.53 million for the quarter, compared to analyst estimates of C$27.11 million.
Polaris Renewable Energy Trading Down 0.4 %
Polaris Renewable Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.19%. Polaris Renewable Energy’s payout ratio is presently 106.58%.
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.
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