Altus Group (AIF) Set to Announce Quarterly Earnings on Thursday

Altus Group (TSE:AIF) is scheduled to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of C$0.42 per share for the quarter.

Altus Group (TSE:AIF) last announced its earnings results on Thursday, February 22nd. The company reported C$0.46 earnings per share for the quarter, beating the consensus estimate of C$0.42 by C$0.04. Altus Group had a net margin of 1.32% and a return on equity of 1.70%. The business had revenue of C$191.57 million for the quarter, compared to the consensus estimate of C$192.55 million.

Altus Group Trading Up 0.7 %

Shares of AIF opened at C$51.00 on Tuesday. Altus Group has a twelve month low of C$35.29 and a twelve month high of C$54.24. The company has a market cap of C$2.32 billion, a P/E ratio of 231.82, a P/E/G ratio of 0.96 and a beta of 0.78. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 59.01. The company’s fifty day simple moving average is C$51.00 and its 200-day simple moving average is C$46.36.

Altus Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, March 27th. Altus Group’s dividend payout ratio is currently 272.73%.

Insiders Place Their Bets

In other Altus Group news, Director Alex Probyn sold 11,087 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$51.84, for a total transaction of C$574,750.08. 0.07% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Scotiabank upped their price target on shares of Altus Group from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. National Bankshares upped their price target on shares of Altus Group from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Thursday, April 18th. Cormark upgraded shares of Altus Group from a “market perform” rating to a “buy” rating in a report on Friday, February 23rd. CIBC upped their price target on shares of Altus Group from C$51.50 to C$52.50 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Finally, BMO Capital Markets upped their price target on shares of Altus Group from C$48.00 to C$51.00 and gave the stock a “market perform” rating in a report on Friday, February 23rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$53.28.

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.