Polaris Infrastructure: Polaris Renewable Energy Inc. (TSE:PIF) to Post Q4 2022 Earnings of $0.11 Per Share, Raymond James Forecasts

Polaris Renewable Energy Inc. ( TSE:PIF - Get Rating ) - Investment analysts at Raymond James decreased their Q4 2022 EPS estimates for Polaris Renewable Energy in a research note issued to investors on Thursday, November 3rd. Raymond James analyst D. Quezada now anticipates that the company will earn $0.11 per share for the quarter, down from their prior estimate of $0.12. Raymond James currently has a "Strong-Buy" rating and a $27.00 price objective on the stock. The consensus estimate for Polaris Renewable Energy's current full-year earnings is $0.97 per share. Polaris Renewable Energy ( TSE:PIF - Get Rating ) last issued its quarterly earnings data on Thursday, November 3rd. The company reported C($0.09) earnings per share for the quarter, missing analysts' consensus estimates of C($0.05) by C($0.04). The business had revenue of C$18.37 million for the quarter, compared to analyst estimates of C$19.52 million. Shares of Polaris Renewable Energy stock opened at C$16.39 on Monday. The firm has a 50-day simple moving average of C$17.18 and a two-hundred day simple moving average of C$19.00. The company has a market cap of C$321.70 million and a P/E ratio of 101.63. Polaris Renewable Energy has a fifty-two week low of C$14.30 and a fifty-two week high of C$23.05. The company has a debt-to-equity ratio of 70.15, a quick ratio of 1.64 and a current ratio of 1.85. The firm also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, November 25th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 11th. This represents a $0.60 dividend on an annualized basis and a yield of 3.66%. Polaris Renewable Energy's payout ratio is presently 375.00%. ( Get Rating ) Polaris Renewable Energy Inc engages in the acquisition, development, and operation of renewable energy projects in Latin America. The company operates a 72 MW net geothermal facility in Nicaragua; and three run-of-river hydroelectric facilities in Peru with approximately 5 MW net, 8 MW net, and 20 MW net capacity. Receive News & Ratings for Polaris Renewable Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Renewable Energy and related companies with MarketBeat.com's FREE daily email newsletter .