Polaris Infrastructure Inc (TSE:PIF) – Equities research analysts at Clarus Securities lifted their Q4 2017 EPS estimates for shares of Polaris Infrastructure in a research note issued on Wednesday. Clarus Securities analyst S. Kammermayer now anticipates that the company will earn $0.15 per share for the quarter, up from their previous forecast of $0.13. Clarus Securities also issued estimates for Polaris Infrastructure’s Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.38 EPS and FY2018 earnings at $1.09 EPS.
Separately, Raymond James Financial, Inc. reissued an “outperform” rating and set a C$25.00 price target on shares of Polaris Infrastructure in a report on Thursday, May 4th.
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Shares of Polaris Infrastructure (PIF) traded down 1.98% during trading on Friday, reaching $17.30. 6,405 shares of the company’s stock were exchanged. The company’s 50-day moving average is $16.79 and its 200 day moving average is $15.73. The stock has a market capitalization of $257.06 million and a PE ratio of 2162.50. Polaris Infrastructure has a 52 week low of $9.30 and a 52 week high of $18.59.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 28th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.56 annualized dividend and a yield of 3.17%. This is an increase from Polaris Infrastructure’s previous quarterly dividend of $0.12.
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