Alaris Royalty Corp. (TSE:AD) – Stock analysts at National Bank Financial dropped their Q2 2018 earnings per share estimates for shares of Alaris Royalty in a research report issued to clients and investors on Tuesday, July 17th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $0.60 for the quarter, down from their previous estimate of $0.62. National Bank Financial currently has a “Outperform” rating and a $20.00 target price on the stock. National Bank Financial also issued estimates for Alaris Royalty’s Q3 2018 earnings at $0.51 EPS.
Alaris Royalty (TSE:AD) last released its quarterly earnings data on Monday, May 7th. The company reported C($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.38 by C($0.47). Alaris Royalty had a negative return on equity of 14.19% and a negative net margin of 42.91%. The company had revenue of C$23.64 million during the quarter, compared to analysts’ expectations of C$24.00 million.
A number of other brokerages have also issued reports on AD. Desjardins upgraded Alaris Royalty from a “hold” rating to a “buy” rating in a research report on Tuesday, April 17th. Scotiabank lowered Alaris Royalty from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$22.00 to C$17.50 in a research report on Wednesday, May 9th. Raymond James decreased their target price on Alaris Royalty from C$20.00 to C$18.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 9th. Finally, CIBC decreased their target price on Alaris Royalty from C$21.00 to C$18.00 in a research report on Wednesday, May 9th.
Alaris Royalty opened at C$16.23 on Friday, MarketBeat Ratings reports. Alaris Royalty has a 12 month low of C$15.30 and a 12 month high of C$22.91.
In related news, Director Jack Chuck Lee bought 3,200 shares of the business’s stock in a transaction on Tuesday, July 3rd. The stock was acquired at an average cost of C$15.74 per share, with a total value of C$50,368.00. Also, Director Robert Bertram bought 3,000 shares of the business’s stock in a transaction on Tuesday, May 22nd. The stock was bought at an average cost of C$16.50 per share, with a total value of C$49,500.00. Insiders acquired a total of 9,200 shares of company stock worth $147,958 in the last 90 days.
About Alaris Royalty
Alaris Royalty Corp. is a private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments. The firm does not invest in turnarounds and start-ups. It prefers to invest in the companies based in all industries except for those with a declining asset base, such as oil and gas resource companies, or any industry that carry the risk of obsolescence such as high tech and focuses on business services, professional services, information services, healthcare services, distribution & logistics, industrials, consumer products.
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