Altus Group (TSE:AIF – Get Free Report) will 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 – Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$191.57 million for the quarter, compared to analyst estimates of C$192.55 million.
Altus Group Trading Down 0.8 %
TSE AIF opened at C$50.88 on Thursday. The company has a debt-to-equity ratio of 59.01, a quick ratio of 1.30 and a current ratio of 1.39. The firm has a market cap of C$2.32 billion, a price-to-earnings ratio of 231.27, a PEG ratio of 0.96 and a beta of 0.78. The firm has a 50 day simple moving average of C$50.70 and a 200-day simple moving average of C$46.31. Altus Group has a one year low of C$35.29 and a one year high of C$54.35.
Altus Group Announces Dividend
Insider Activity
In other Altus Group news, Director Alex Probyn sold 11,087 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$51.84, for a total value of C$574,750.08. Corporate insiders own 0.07% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have commented on AIF. TD Securities boosted their price target on shares of Altus Group from C$52.00 to C$56.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. National Bankshares boosted their target price on shares of Altus Group from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 18th. BMO Capital Markets raised their price target on Altus Group from C$48.00 to C$51.00 and gave the company a “market perform” rating in a research note on Friday, February 23rd. CIBC lifted their price target on 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, Canaccord Genuity Group dropped their price objective on Altus Group from C$63.00 to C$59.00 and set a “buy” rating on the stock in a report on Monday, January 29th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$53.28.
Get Our Latest Stock Report on AIF
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.
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