What is Cormark’s Forecast for TSE:PIF FY2026 Earnings?

Polaris Renewable Energy Inc. (TSE:PIF) – Research analysts at Cormark lowered their FY2026 EPS estimates for shares of Polaris Renewable Energy in a report released on Friday, February 21st. Cormark analyst N. Boychuk now anticipates that the company will post earnings of $1.02 per share for the year, down from their previous forecast of $1.08. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share.

A number of other equities research analysts also recently commented on PIF. National Bankshares cut their price objective on Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Raymond James raised Polaris Renewable Energy to a “strong-buy” rating in a research report on Friday, February 21st.

Polaris Renewable Energy Trading Up 1.6 %

Shares of TSE:PIF opened at C$12.06 on Monday. The company has a debt-to-equity ratio of 57.48, a quick ratio of 1.64 and a current ratio of 1.82. The stock has a market capitalization of C$179.23 million, a price-to-earnings ratio of 24.98, a PEG ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a 1-year low of C$11.08 and a 1-year high of C$13.85. The company has a 50 day moving average price of C$12.89 and a 200 day moving average price of C$12.59.

Insider Activity

In other news, Director Marc Murnaghan sold 2,301 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of C$12.52, for a total value of C$28,808.52. 2.94% of the stock is owned by company insiders.

Polaris Renewable Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 28th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, February 14th. Polaris Renewable Energy’s dividend payout ratio (DPR) is currently 169.88%.

About Polaris Renewable Energy

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.