Cormark Lowers Earnings Forecast for Polaris Renewable Energy Amid Stable Outlook

Cormark Lowers Fiscal Year 2026 Earnings Forecast for Polaris Renewable Energy Market analysts at Cormark have revised their earnings projections for Polaris Renewable Energy's fiscal year 2026, reducing the expected earnings per share from $0.96 to $0.95. Despite this adjustment, the stock maintains a 'Moderate Buy' rating. Recently, Polaris Renewable Energy announced a quarterly dividend of $0.15, yielding approximately 4.8% annually, although its payout ratio remains high at nearly 170%. Currently trading at C$12.45, the company's stock has fluctuated between C$10.70 and C$13.66 over the past year. In their latest report dated August 1st, Cormark analysts forecast the company will earn $0.95 per share in 2026, down from previous estimates. The broader consensus for this year's earnings stands at $0.65 per share. Other financial institutions have also issued opinions; Raymond James downgraded Polaris Renewable Energy from 'strong buy' to 'moderate buy' in May, while National Bank Financial upgraded it to a 'strong buy' in June. As of Monday, the stock opened at C$12.45, with a 52-week range between C$10.70 and C$13.66. Financial ratios indicate a current ratio of 1.82, quick r...