Polaris Renewable Energy Inc. (TSE:PIF – Free Report) – Research analysts at National Bank Financial increased their Q1 2024 earnings estimates for shares of Polaris Renewable Energy in a report released on Tuesday, April 16th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of $0.19 for the quarter, up from their prior estimate of $0.16. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.57 per share. National Bank Financial also issued estimates for Polaris Renewable Energy’s Q2 2024 earnings at $0.10 EPS, Q3 2024 earnings at $0.10 EPS, Q4 2024 earnings at $0.18 EPS, FY2024 earnings at $0.55 EPS and FY2025 earnings at $1.05 EPS.
Polaris Renewable Energy (TSE:PIF – Get Free Report) last released 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 return on equity of 4.37% and a net margin of 14.96%. The firm had revenue of C$25.53 million for the quarter, compared to analysts’ expectations of C$27.11 million.
Polaris Renewable Energy Stock Performance
Polaris Renewable Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend was Friday, February 9th. Polaris Renewable Energy’s dividend payout ratio (DPR) is 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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