Altus Group (TSE:AIF) Announces Quarterly Earnings Results

Altus Group (TSE:AIF) released its quarterly earnings results on Thursday. The company reported C$0.42 earnings per share (EPS) for the quarter, FiscalAI reports. Altus Group had a return on equity of 49.43% and a net margin of 69.98%.The business had revenue of C$108.24 million during the quarter.

Here are the key takeaways from Altus Group’s conference call:

• ARGUS Assist launched as a purpose-built, valuation-grade AI inside ARGUS Intelligence; ~30% of customers who attended Altus Connect are onboarding and the company is accelerating platform consolidation of standalone products to be completed by early 2027.
• Q1 showed steady recurring revenue strength (software up ~12%, ARR growth ~11%) and management raised full?year revenue guidance to 5%–7% while increasing expected adjusted EBITDA margin expansion by 100 bps to 450–550 bps, targeting a Rule?of?40 exit in 2027.
• Portfolio simplification and capital returns continue: Altus has sold non?core businesses, expects to exit Development Advisory by year?end, and has returned ~CAD 400 million to shareholders year?to?date, reducing share count by ~18%.
• The data & services lines came in softer and require additional investment (Reonomy, Altus Data Studio), and the April sale of one eleven creates roughly a ~1 percentage?point headwind to reported comparatives while the investments take time to drive growth.

Altus Group Price Performance

Shares of TSE:AIF traded down C$0.21 during mid-day trading on Thursday, reaching C$44.86. The stock had a trading volume of 162,231 shares, compared to its average volume of 255,892. Altus Group has a 1 year low of C$36.97 and a 1 year high of C$63.07. The company has a current ratio of 1.03, a quick ratio of 1.30 and a debt-to-equity ratio of 48.84. The business’s 50 day moving average price is C$47.03 and its 200 day moving average price is C$50.16. The company has a market cap of C$1.61 billion, a P/E ratio of 5.30, a price-to-earnings-growth ratio of 0.96 and a beta of 0.64.

Wall Street Analyst Weigh In

AIF has been the subject of several recent research reports. TD Securities cut their price target on Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. ATB Cormark Capital Markets upped their price objective on Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Royal Bank Of Canada dropped their price objective on Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a research note on Friday, February 20th. Finally, BMO Capital Markets upped their price objective on Altus Group from C$48.00 to C$54.00 in a research note on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$56.50.

Altus Group Company Profile

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.