Altus Group (AIF) Scheduled to Post Earnings on Thursday

Altus Group (TSE:AIF) is scheduled to be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Altus Group to post earnings of C$0.23 per share for the quarter.

Altus Group (TSE:AIF) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.45 earnings per share for the quarter, topping the consensus estimate of C$0.22 by C$0.23. The firm had revenue of C$206.71 million for the quarter, compared to analysts’ expectations of C$132.50 million. Altus Group had a net margin of 0.37% and a return on equity of 0.48%.

Altus Group Price Performance

TSE:AIF opened at C$53.59 on Thursday. Altus Group has a 52-week low of C$35.29 and a 52-week high of C$59.60. The stock has a fifty day moving average of C$53.79 and a 200 day moving average of C$52.04. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41. The firm has a market capitalization of C$2.47 billion, a price-to-earnings ratio of 894.33, a P/E/G ratio of 0.96 and a beta of 0.82.

Altus Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.12%. Altus Group’s dividend payout ratio (DPR) is presently 1,000.00%.

Insider Activity

In related news, Director William Brennan bought 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was bought at an average cost of C$54.48 per share, for a total transaction of C$27,240.00. In other Altus Group news, Senior Officer Kimberly Carter sold 1,100 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$54.00, for a total value of C$59,400.00. Also, Director William Brennan bought 500 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were purchased at an average price of C$54.48 per share, with a total value of C$27,240.00. Insiders own 4.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Altus Group from C$59.00 to C$55.00 in a research note on Friday, August 9th. Scotiabank lowered their price objective on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a research report on Friday, August 9th. Cormark dropped their price objective on shares of Altus Group from C$63.00 to C$56.00 and set a “hold” rating for the company in a report on Friday, August 9th. National Bankshares raised their price target on Altus Group from C$50.00 to C$55.00 in a research report on Thursday, September 19th. Finally, Canaccord Genuity Group dropped their price target on Altus Group from C$66.00 to C$63.00 in a research note on Wednesday, July 10th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$56.33.

Altus Group Company Profile

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.