Q3 2024 EPS Estimates for Altius Renewable Royalties Corp. (TSE:ARR) Reduced by Analyst

Altius Renewable Royalties Corp. (TSE:ARR) – Equities researchers at National Bank Financial dropped their Q3 2024 EPS estimates for shares of Altius Renewable Royalties in a note issued to investors on Sunday, May 5th. National Bank Financial analyst R. Merer now forecasts that the company will earn ($0.01) per share for the quarter, down from their prior forecast of $0.01. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.05 per share.

Separately, TD Securities boosted their target price on 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$11.90.

Altius Renewable Royalties Stock Performance

Altius Renewable Royalties stock opened at C$9.31 on Tuesday. Altius Renewable Royalties has a twelve month low of C$6.60 and a twelve month high of C$9.75. The company has a quick ratio of 102.67, a current ratio of 209.99 and a debt-to-equity ratio of 0.12. The company has a market capitalization of C$286.65 million, a P/E ratio of -185.60 and a beta of 0.96. The stock’s 50 day moving average is C$9.03 and its 200 day moving average is C$8.16.

Altius Renewable Royalties (TSE:ARR) last announced its earnings results on Thursday, May 2nd. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.05). Altius Renewable Royalties had a negative net margin of 227.79% and a negative return on equity of 0.60%. The business had revenue of C$1.47 million for the quarter, compared to the consensus estimate of C$1.50 million.

About Altius Renewable Royalties

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.