Altus Group (TSE:AIF) Announces Quarterly Earnings Results

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

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

• Positive sentiment: Revenue grew 6.8% organically, at the high end of guidance, led by software growth of 14.6% and VMS growth of 5.9%. Recurring revenue rose 7.9% and accounted for about 96% of year-to-date revenue, though data revenue declined 6.8%.
• Positive sentiment: Adjusted EBITDA margin expanded 790 basis points to 32.1%, and the company raised its full-year margin-expansion outlook to 600–620 basis points. Management expects to exit 2026 at Rule of 40 and said margins should continue improving into 2027.
• Positive sentiment: Software ARR grew at a double-digit rate for the fourth consecutive quarter, excluding Valos’s initial contribution; software retention metrics also improved. ARGUS Assist has attracted more than 60 sign-ups in the past two months, while the company plans to launch Investment Manager in early 2027.
• Negative sentiment: Operating cash flow was CAD 36.9 million year to date, reflecting transformation and transaction costs, among other factors. Management expects improvement as those costs normalize but did not provide a free-cash-flow conversion target, and said some cash costs will continue into 2027.

Altus Group Price Performance

Shares of TSE:AIF opened at C$51.99 on Friday. Altus Group has a twelve month low of C$36.97 and a twelve month high of C$57.35. The stock’s 50 day moving average is C$47.21 and its 200-day moving average is C$46.13. The company has a quick ratio of 1.30, a current ratio of 1.09 and a debt-to-equity ratio of 83.44. The firm has a market capitalization of C$1.78 billion, a price-to-earnings ratio of -126.80, a PEG ratio of 0.96 and a beta of 0.48.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of brokerages recently weighed in on AIF. National Bank Financial upped 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 Wednesday, October 21st. ATB Cormark Capital Markets increased their price objective 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. Finally, BMO Capital Markets boosted their price target on Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a research 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$56.26.

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.