Pinnacle Renewable Holdings Inc (TSE:PL) – Investment analysts at National Bank Financial cut their Q3 2019 earnings estimates for shares of Pinnacle Renewable in a research report issued on Tuesday, August 13th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings of $0.07 per share for the quarter, down from their prior forecast of $0.09. National Bank Financial also issued estimates for Pinnacle Renewable’s Q4 2019 earnings at $0.06 EPS and FY2020 earnings at $0.58 EPS.
PL has been the subject of a number of other reports. GMP Securities raised their price target on Pinnacle Renewable from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank of Canada decreased their price target on Pinnacle Renewable from C$16.00 to C$15.00 and set an “outperform” rating for the company in a research note on Friday, May 10th. Finally, CIBC decreased their price target on Pinnacle Renewable from C$14.50 to C$14.00 in a research note on Wednesday.
Shares of PL stock opened at C$10.51 on Thursday. Pinnacle Renewable has a 52-week low of C$8.53 and a 52-week high of C$17.00. The company has a debt-to-equity ratio of 171.27, a current ratio of 1.11 and a quick ratio of 0.56. The company has a market cap of $338.00 million and a price-to-earnings ratio of 44.16. The business’s 50 day simple moving average is C$9.88.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend is Thursday, August 22nd. Pinnacle Renewable’s dividend payout ratio is currently 163.87%.
About Pinnacle Renewable
Pinnacle Renewable Energy Inc, together with its subsidiaries, manufactures, distributes, and sells industrial wood pellets in North America, Asia, and Europe. The company produces renewable fuel for electricity generation in the form of industrial wood pellets, which are used by utilities and large-scale power generators to produce renewable and baseload power.
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