Altius Renewable Royalties (TSE:ARR) Announces Earnings Results, Misses Estimates By $0.05 EPS

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

Altius Renewable Royalties Stock Performance

TSE ARR opened at C$9.27 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 102.67 and a current ratio of 209.99. The stock’s fifty day moving average is C$8.98 and its two-hundred day moving average is C$8.16. The firm has a market capitalization of C$285.42 million, a P/E ratio of -185.40 and a beta of 0.96. Altius Renewable Royalties has a fifty-two week low of C$6.60 and a fifty-two week high of C$9.75.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. TD Securities increased their price objective on Altius Renewable Royalties from C$11.50 to C$12.50 and gave the company a “buy” rating in a research note on Friday, March 1st. National Bankshares increased their target price on shares of Altius Renewable Royalties from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Altius Renewable Royalties has a consensus rating of “Buy” and a consensus price target of C$11.90.

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.