Brokers Issue Forecasts for Altus Group Limited’s Q3 2024 Earnings (TSE:AIF)

Altus Group Limited (TSE:AIF) – Cormark reduced their Q3 2024 earnings per share estimates for shares of Altus Group in a report released on Tuesday, May 21st. Cormark analyst G. Fairweather now anticipates that the company will earn $0.51 per share for the quarter, down from their previous estimate of $0.54. Cormark currently has a “Buy” rating on the stock. The consensus estimate for Altus Group’s current full-year earnings is $2.00 per share. Cormark also issued estimates for Altus Group’s Q2 2025 earnings at $0.76 EPS, Q3 2025 earnings at $0.73 EPS and Q4 2025 earnings at $0.79 EPS.

A number of other research analysts also recently commented on AIF. BMO Capital Markets increased their target price on 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. Scotiabank lifted their price objective on shares of Altus Group from C$49.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday. Canaccord Genuity Group lowered their target price on shares of Altus Group from C$63.00 to C$59.00 and set a “buy” rating for the company in a research note on Monday, January 29th. TD Securities reduced their price target on shares of Altus Group from C$59.00 to C$55.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, National Bankshares boosted their price objective on Altus Group from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a research report on Thursday, April 18th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$53.56.

Altus Group Stock Up 0.7 %

TSE:AIF opened at C$48.19 on Thursday. The company has a debt-to-equity ratio of 62.20, a quick ratio of 1.30 and a current ratio of 1.50. The company has a market capitalization of C$2.20 billion, a price-to-earnings ratio of 185.35, a price-to-earnings-growth ratio of 0.96 and a beta of 0.79. Altus Group has a one year low of C$35.29 and a one year high of C$54.18. The stock has a 50-day simple moving average of C$50.68 and a 200 day simple moving average of C$46.49.

Altus Group (TSE:AIF) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C$0.33 earnings per share for the quarter, missing the consensus estimate of C$0.42 by C($0.09). The company had revenue of C$199.54 million for the quarter, compared to analyst estimates of C$198.85 million. Altus Group had a return on equity of 2.06% and a net margin of 1.60%.

Insider Transactions at Altus Group

In other news, Director Alex Probyn sold 11,087 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$51.84, for a total transaction of C$574,750.08. Corporate insiders own 4.04% of the company’s stock.

Altus Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be issued a $0.15 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.60 annualized dividend and a dividend yield of 1.25%. Altus Group’s dividend payout ratio is currently 230.77%.

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.