Altus Group (AIF) Scheduled to Post Earnings on Thursday

Altus Group (TSE:AIF) is scheduled to be issuing its quarterly earnings data 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 released 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. The business had revenue of C$191.57 million for the quarter, compared to the consensus estimate of C$192.55 million. Altus Group had a return on equity of 1.70% and a net margin of 1.32%.

Altus Group Stock Performance

TSE AIF opened at C$50.52 on Wednesday. The company has a market cap of C$2.30 billion, a PE ratio of 229.64, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. The stock’s 50 day simple moving average is C$51.09 and its 200-day simple moving average is C$46.37. Altus Group has a 1-year low of C$35.29 and a 1-year high of C$54.18. The company has a debt-to-equity ratio of 59.01, a current ratio of 1.39 and a quick ratio of 1.30.

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 given a $0.15 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. Altus Group’s dividend payout ratio (DPR) is presently 272.73%.

Wall Street Analysts Forecast Growth

AIF has been the topic of several research reports. National Bankshares raised their target price 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. CIBC increased their price target on Altus Group from C$51.50 to C$52.50 and gave the company a “neutral” rating in a report on Friday, February 23rd. Canaccord Genuity Group cut their price target on Altus Group from C$63.00 to C$59.00 and set a “buy” rating for the company in a report on Monday, January 29th. Cormark raised Altus Group from a “market perform” rating to a “buy” rating in a report on Friday, February 23rd. Finally, TD Securities increased their price target on Altus Group from C$52.00 to C$56.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$53.28.

Insiders Place Their Bets

In other news, Director Alex Probyn sold 11,087 shares of Altus Group stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$51.84, for a total value of C$574,750.08. 4.05% of the stock is owned by 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.