Altus Group (TSE:AIF – Get Free Report) will post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Altus Group to post earnings of C$0.42 per share for the quarter.
Altus Group (TSE:AIF – Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of C$191.57 million during the quarter, compared to the consensus estimate of C$192.55 million.
Altus Group Stock Performance
TSE AIF opened at C$50.52 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 59.01. The company has a fifty day simple moving average of C$51.09 and a 200 day simple moving average of C$46.37. Altus Group has a 12-month low of C$35.29 and a 12-month high of C$54.18. The company has a market cap of C$2.30 billion, a P/E ratio of 229.64, a PEG ratio of 0.96 and a beta of 0.78.
Altus Group Dividend Announcement
Insider Buying and Selling
In related news, Director Alex Probyn sold 11,087 shares of Altus Group stock in a transaction dated 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 currently owned by insiders.
Analysts Set New Price Targets
Several equities analysts have weighed in on AIF shares. Scotiabank raised their price objective on Altus Group from C$48.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Cormark upgraded Altus Group from a “market perform” rating to a “buy” rating in a research note on Friday, February 23rd. National Bankshares raised 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 note on Thursday, April 18th. BMO Capital Markets lifted their target price on Altus Group from C$48.00 to C$51.00 and gave the stock a “market perform” rating in a research note on Friday, February 23rd. Finally, Canaccord Genuity Group lowered their target price on Altus Group from C$63.00 to C$59.00 and set a “buy” rating on the stock in a research note on Monday, January 29th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$53.28.
View Our Latest Analysis on Altus Group
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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