Q2 EPS Estimate for Polaris Renewable Energy Cut by Analyst

Polaris Renewable Energy Inc. (TSE:PIF) – Analysts at Clarus Securities reduced their Q2 2026 earnings estimates for shares of Polaris Renewable Energy in a research report issued to clients and investors on Friday, May 8th. Clarus Securities analyst S. Kammermayer now anticipates that the company will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.08. 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 2026 earnings at $0.01 EPS, Q4 2026 earnings at $0.00 EPS, Q1 2027 earnings at $0.04 EPS, Q2 2027 earnings at $0.23 EPS, Q3 2027 earnings at $0.16 EPS and FY2027 earnings at $0.60 EPS.

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

Polaris Renewable Energy Stock Down 0.2%

Shares of PIF opened at C$12.50 on Tuesday. The firm has a market cap of C$261.19 million, a P/E ratio of -96.15, a price-to-earnings-growth ratio of 3.28 and a beta of 0.43. Polaris Renewable Energy has a 12-month low of C$11.40 and a 12-month high of C$14.20. The company’s 50-day moving average price is C$12.46 and its 200 day moving average price is C$12.34. The company has a current ratio of 4.90, a quick ratio of 1.64 and a debt-to-equity ratio of 91.92.

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. The company had revenue of C$27.48 million during the quarter. Polaris Renewable Energy had a net margin of 9.00% and a return on equity of 2.96%.

Polaris Renewable Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 27th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.8%. Polaris Renewable Energy’s payout ratio is currently -461.54%.

Insider Activity at Polaris Renewable Energy

In other news, Director Marc Murnaghan sold 10,000 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of C$11.90, for a total transaction of C$119,000.00. Following the completion of the transaction, the director directly owned 508,501 shares of the company’s stock, valued at approximately C$6,051,161.90. The trade was a 1.93% decrease in their ownership of the stock. Corporate insiders own 2.94% of the company’s stock.

Polaris Renewable Energy Company Profile

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).