What is Clarus Securities’ Estimate for TSE:PIF Q2 Earnings?

Polaris Renewable Energy Inc. (TSE:PIF) – Equities researchers at Clarus Securities reduced their Q2 2027 earnings per share estimates for Polaris Renewable Energy in a note issued to investors on Wednesday, June 10th. Clarus Securities analyst S. Kammermayer now anticipates that the company will earn $0.03 per share for the quarter, down from their previous forecast of $0.23. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share. Clarus Securities also issued estimates for Polaris Renewable Energy’s Q3 2027 earnings at $0.28 EPS and Q4 2027 earnings at $0.26 EPS.

Separately, Raymond James Financial reduced their target price on Polaris Renewable Energy from C$20.00 to C$18.25 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Polaris Renewable Energy has a consensus rating of “Buy” and an average target price of C$19.63.

Polaris Renewable Energy Stock Down 0.3%

Shares of TSE:PIF opened at C$14.53 on Friday. The company has a quick ratio of 1.64, a current ratio of 4.90 and a debt-to-equity ratio of 91.92. Polaris Renewable Energy has a 52-week low of C$11.55 and a 52-week high of C$14.89. The stock’s fifty day simple moving average is C$12.90 and its 200-day simple moving average is C$12.37. The company has a market capitalization of C$303.71 million, a P/E ratio of 44.03, a P/E/G ratio of 3.28 and a beta of 0.62.

Polaris Renewable Energy (TSE:PIF) last issued its quarterly earnings data on Thursday, May 7th. The company reported C($0.04) earnings per share (EPS) for the quarter. Polaris Renewable Energy had a net margin of 9.00% and a return on equity of 2.96%. The company had revenue of C$27.48 million during the quarter.

Polaris Renewable Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 22nd were given a dividend of $0.15 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.60 annualized dividend and a yield of 4.1%. Polaris Renewable Energy’s dividend payout ratio is 181.82%.

Insiders Place Their Bets

In related news, Director Marc Murnaghan sold 20,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$12.56, for a total transaction of C$251,200.00. Following the transaction, the director directly owned 488,501 shares in the company, valued at approximately C$6,135,572.56. This represents a 3.93% decrease in their ownership of the stock. Insiders bought 30,000 shares of company stock worth $378,800 in the last quarter. Corporate insiders own 2.94% of the company’s stock.

About Polaris Renewable Energy

Polaris Renewable Energy Inc is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America & the Caribbean. We are a high-performing and financially sound contributor to the energy transition. The Company’s operations include a geothermal plant (82 MW), four run-of river hydroelectric plants (39 MW), three solar (photovoltaic) projects (35 MW) and an onshore wind farm (26 MW).