Raymond James reiterated their outperform rating on shares of Polaris Infrastructure (TSE:PIF) in a report published on Thursday, BayStreet.CA reports. The brokerage currently has a C$25.00 target price on the stock.

PIF opened at C$12.77 on Thursday. The stock has a market capitalization of $203.08 million and a PE ratio of 50.67. The firm’s fifty day moving average price is C$13.17 and its 200 day moving average price is C$13.51. The company has a debt-to-equity ratio of 97.17, a current ratio of 2.00 and a quick ratio of 1.97. Polaris Infrastructure has a 12-month low of C$8.32 and a 12-month high of C$15.83.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.70%. Polaris Infrastructure’s dividend payout ratio (DPR) is 238.10%.

About Polaris Infrastructure

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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