Altius Renewable Royalties Corp. (TSE:ARR) Forecasted to Earn Q4 2024 Earnings of ($0.01) Per Share

Altius Renewable Royalties Corp. (TSE:ARR) – Stock analysts at Ventum Cap Mkts cut their Q4 2024 EPS estimates for Altius Renewable Royalties in a report released on Monday, May 6th. Ventum Cap Mkts analyst D. Schilling now forecasts that the company will post earnings per share of ($0.01) for the quarter, down from their previous estimate of $0.03. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.05 per share.

Altius Renewable Royalties (TSE:ARR) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C($0.01) EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.05). The firm had revenue of C$1.47 million for 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%.

Several other analysts also recently commented on ARR. National Bankshares raised their price objective 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. TD Securities raised their target price on shares of 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. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$11.90.

Altius Renewable Royalties Stock Down 1.1 %

Shares of ARR stock opened at C$9.28 on Wednesday. The company has a market capitalization of C$285.73 million, a price-to-earnings ratio of -185.60 and a beta of 0.96. Altius Renewable Royalties has a one year low of C$6.60 and a one year high of C$9.75. The company’s fifty day moving average price is C$9.00 and its 200-day moving average price is C$8.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 209.99 and a quick ratio of 102.67.

Altius Renewable Royalties Company Profile

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.