FY2024 EPS Estimates for Altus Group Lowered by Analyst

Altus Group Limited (TSE:AIF) – Stock analysts at National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of Altus Group in a report issued on Thursday, November 7th. National Bank Financial analyst R. Tse now forecasts that the company will post earnings per share of $1.24 for the year, down from their prior forecast of $1.36. The consensus estimate for Altus Group’s current full-year earnings is $1.73 per share.

Other equities analysts have also recently issued research reports about the stock. Scotiabank dropped their price target 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 note on Friday, August 9th. Cormark cut their price target on shares of Altus Group from C$63.00 to C$56.00 and set a “hold” rating on the stock in a report on Friday, August 9th. BMO Capital Markets decreased their price objective on shares of Altus Group from C$59.00 to C$55.00 in a report on Friday, August 9th. National Bankshares upped their price objective on Altus Group from C$50.00 to C$55.00 in a research report on Thursday, September 19th. Finally, TD Securities reduced their target price on Altus Group from C$65.00 to C$63.00 and set a “buy” rating for the company in a report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Altus Group has an average rating of “Hold” and a consensus price target of C$56.22.

Altus Group Trading Down 0.7 %

Altus Group stock opened at C$57.47 on Monday. Altus Group has a 12 month low of C$36.98 and a 12 month high of C$59.60. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13. The business’s fifty day simple moving average is C$54.14 and its two-hundred day simple moving average is C$52.20. The company has a market capitalization of C$2.65 billion, a price-to-earnings ratio of 957.83, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82.

Altus Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Tuesday, December 31st. Altus Group’s payout ratio is currently 1,000.00%.

Insider Activity at Altus Group

In other Altus Group news, Director William Brennan sold 18,551 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$55.32, for a total value of C$1,026,241.32. In other Altus Group news, Senior Officer Kimberly Carter sold 1,100 shares of the company’s stock in a transaction that occurred on 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 sold 18,551 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$55.32, for a total transaction of C$1,026,241.32. 4.05% of the stock is owned by company insiders.

About Altus Group

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.