Altus Group (TSE:AIF) Announces Quarterly Earnings Results

Altus Group (TSE:AIF) announced its earnings results on Thursday. The company reported C$0.71 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$116.92 million during the quarter. Altus Group had a negative return on equity of 5.13% and a negative net margin of 5.32%.

Altus Group Trading Up 0.2%

AIF stock traded up C$0.11 during midday trading on Thursday, hitting C$51.99. The stock had a trading volume of 89,375 shares, compared to its average volume of 193,237. The company has a current ratio of 1.09, a quick ratio of 1.30 and a debt-to-equity ratio of 83.44. The firm has a market cap of C$1.78 billion, a P/E ratio of -126.80, a price-to-earnings-growth ratio of 0.96 and a beta of 0.40. The business has a fifty day moving average price of C$47.13 and a two-hundred day moving average price of C$46.13. Altus Group has a 1-year low of C$36.97 and a 1-year high of C$57.35.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AIF. BMO Capital Markets increased their price target on Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. National Bank Financial lifted their price objective on Altus Group from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 21st. Finally, ATB Cormark Capital Markets upped their target price on Altus Group from C$56.00 to C$57.10 and gave the company an “outperform” rating in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$56.26.

Insider Transactions at Altus Group

In other Altus Group news, Director Michael Gordon bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were bought at an average price of C$44.36 per share, for a total transaction of C$221,800.00. Following the transaction, the director directly owned 46,940 shares in the company, valued at approximately C$2,082,258.40. This trade represents a 11.92% increase in their ownership of the stock. Also, Director William Brennan bought 3,771 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were acquired at an average cost of C$44.84 per share, with a total value of C$169,091.64. Following the purchase, the director directly owned 3,659,822 shares of the company’s stock, valued at C$164,106,418.48. This trade represents a 0.10% increase in their ownership of the stock. Over the last quarter, insiders have acquired 63,208 shares of company stock valued at $2,865,356. Company insiders own 4.05% of the company’s stock.

Altus Group Company Profile

Altus Group is a leading provider of CRE intelligence, anchored by ARGUS – the industry’s go-to software for valuation and performance analytics. For more than two decades, Altus Group has played a vital role in empowering CRE professionals with the analytics and trusted advice they need to make high-impact decisions with confidence. The world’s CRE leaders rely on our market-leading solutions and expertise to drive performance and manage risk. Our people around the world are driving meaningful impact in an industry undergoing unprecedented change – helping shape the cities where we live, work, and build thriving communities.