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

Altius Renewable Royalties Corp. (TSE:ARR) – Equities researchers at Cormark issued their Q1 2024 earnings per share estimates for Altius Renewable Royalties in a research report issued on Wednesday, May 1st. Cormark analyst N. Boychuk anticipates that the company will post earnings of $0.07 per share for the quarter. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.05 per share. Cormark also issued estimates for Altius Renewable Royalties’ FY2024 earnings at $0.36 EPS.

A number of other research analysts also recently weighed in on the company. TD Securities upped their price target on Altius Renewable Royalties from C$11.50 to C$12.50 and gave the stock a “buy” rating in a research note on Friday, March 1st. National Bankshares upped their price objective on shares of Altius Renewable Royalties from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Altius Renewable Royalties has an average rating of “Buy” and a consensus price target of C$11.90.

Altius Renewable Royalties Price Performance

Shares of TSE ARR opened at C$9.27 on Thursday. The firm has a market capitalization of C$285.42 million, a P/E ratio of -185.40 and a beta of 0.96. The firm’s 50-day moving average price is C$8.95 and its 200-day moving average price is C$8.15. The company has a current ratio of 209.99, a quick ratio of 102.67 and a debt-to-equity ratio of 0.12. Altius Renewable Royalties has a 1-year low of C$6.60 and a 1-year high of C$9.75.

Altius Renewable Royalties (TSE:ARR) last released its quarterly earnings data on Thursday, May 2nd. The company reported C($0.01) earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.05). The company had revenue of C$1.47 million during the quarter, compared to the consensus estimate of C$1.50 million. Altius Renewable Royalties had a negative net margin of 227.79% and a negative return on equity of 0.60%.

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.