Altius Renewable Royalties Corp. Expected to Post Q1 2024 Earnings of $0.07 Per Share (TSE:ARR)

Altius Renewable Royalties Corp. (TSE:ARR) – Investment analysts at Raymond James dropped their Q1 2024 EPS estimates for Altius Renewable Royalties in a report released on Thursday, April 25th. Raymond James analyst D. Quezada now expects that the company will earn $0.07 per share for the quarter, down from their prior estimate of $0.08. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.03 per share. Raymond James also issued estimates for Altius Renewable Royalties’ Q1 2025 earnings at $0.10 EPS, Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.04 EPS and Q4 2025 earnings at $0.11 EPS.

Altius Renewable Royalties (TSE:ARR) last issued its earnings results on Wednesday, March 6th. The company reported C($0.01) earnings per share for the quarter. Altius Renewable Royalties had a negative return on equity of 0.54% and a negative net margin of 40.19%. The company had revenue of C$1.32 million for the quarter, compared to the consensus estimate of C$0.62 million.

ARR has been the subject of several other research reports. National Bankshares increased their price objective on shares of 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 increased their price objective on shares of Altius Renewable Royalties from C$11.50 to C$12.50 and gave the company a “buy” rating in a research 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$11.90.

Altius Renewable Royalties Price Performance

ARR stock opened at C$9.50 on Friday. Altius Renewable Royalties has a 52 week low of C$6.60 and a 52 week high of C$9.75. The company has a quick ratio of 102.67, a current ratio of 233.62 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of C$8.83 and a two-hundred day simple moving average of C$8.14. The firm has a market capitalization of C$292.51 million, a P/E ratio of -190.00 and a beta of 0.96.

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.