Altius Renewable Royalties Corp. (TSE:ARR – Get Rating) – Raymond James decreased their Q1 2023 earnings estimates for Altius Renewable Royalties in a report issued on Wednesday, April 26th. Raymond James analyst D. Quezada now anticipates that the company will post earnings per share of $0.02 for the quarter, down from their prior forecast of $0.05. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.13 per share. Raymond James also issued estimates for Altius Renewable Royalties’ Q3 2023 earnings at $0.04 EPS and Q4 2023 earnings at $0.06 EPS.
Altius Renewable Royalties (TSE:ARR – Get Rating) last released its quarterly earnings results on Wednesday, March 1st. The company reported C($0.01) EPS for the quarter, missing analysts’ consensus estimates of C$0.01 by C($0.02). Altius Renewable Royalties had a negative return on equity of 0.44% and a negative net margin of 99.78%. The company had revenue of C$0.51 million during the quarter, compared to analysts’ expectations of C$0.41 million.
Altius Renewable Royalties Price Performance
Altius Renewable Royalties has a 1 year low of C$6.70 and a 1 year high of C$11.05. The stock has a fifty day simple moving average of C$8.62 and a 200-day simple moving average of C$8.66. The stock has a market cap of C$255.47 million, a P/E ratio of -205.00 and a beta of 1.01. The company has a quick ratio of 102.67, a current ratio of 89.32 and a debt-to-equity ratio of 0.12.
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. It also provides tailored financing solutions to the renewable power sector. The company holds interests in a portfolio of 695 MW of wind, hydro-electric, and solar energy projects located in Texas, Kansas, and Vermont, as well as royalty interests in a portfolio of 2,845 MW of development stage wind energy projects located in Texas, Indiana, and Illinois.
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