Polaris Infrastructure (TSE:PIF) Earns “Outperform” Rating from Raymond James

Raymond James reiterated their outperform rating on shares of Polaris Infrastructure (TSE:PIF) in a research report sent to investors on Thursday morning, BayStreet.CA reports. They currently have a C$25.00 target price on the stock.

Shares of PIF traded down C$0.41 during trading hours on Thursday, hitting C$12.36. 73,699 shares of the company were exchanged, compared to its average volume of 56,183. The company has a market cap of $203.08 million and a PE ratio of 49.05. The firm’s 50 day moving average is C$13.14 and its 200-day moving average is C$13.52. Polaris Infrastructure has a 52 week low of C$8.32 and a 52 week high of C$15.83. The company has a debt-to-equity ratio of 97.17, a quick ratio of 1.97 and a current ratio of 2.00.

Polaris Infrastructure (TSE:PIF) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.21 EPS for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.06). The company had revenue of C$23.22 million during the quarter, compared to analyst estimates of C$25.66 million. As a group, equities analysts forecast that Polaris Infrastructure will post 1.1399999 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 29th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Friday, November 15th. Polaris Infrastructure’s payout ratio is currently 238.10%.

Polaris Infrastructure Company Profile

Polaris Infrastructure Inc, a renewable energy company, acquires, explores, develops, and operates renewable energy projects in Latin America. The company, through its subsidiaries, owns and operates the San Jacinto project, a 72 megawatt (MW) net capacity geothermal facility located in northwest Nicaragua.

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