Alaris Royalty Corp. (TSE:AD) Set to Announce Quarterly Earnings on Tuesday
Alaris Royalty Corp. (TSE:AD) will be releasing its earnings data after the market closes on Tuesday, July 25th. Analysts expect Alaris Royalty Corp. to post earnings of $0.38 per share for the quarter.
Alaris Royalty Corp. (AD) opened at 22.46 on Tuesday. Alaris Royalty Corp. has a 52-week low of $17.80 and a 52-week high of $29.87. The firm has a 50-day moving average of $20.17 and a 200 day moving average of $22.00. The company has a market cap of $818.53 million and a PE ratio of 14.40.
AD has been the subject of several research reports. Raymond James Financial, Inc. lowered their price objective on shares of Alaris Royalty Corp. from C$23.00 to C$22.00 and set a “market perform” rating for the company in a research report on Wednesday, May 10th. Desjardins cut shares of Alaris Royalty Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Scotiabank lowered their price objective on shares of Alaris Royalty Corp. from C$27.00 to C$25.00 and set an “outperform” rating for the company in a research report on Wednesday, May 10th. Finally, CIBC lowered their price objective on shares of Alaris Royalty Corp. from C$24.00 to C$20.00 in a research report on Thursday, May 11th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of C$24.21.
In other Alaris Royalty Corp. news, insider Darren John Driscoll purchased 1,800 shares of the stock in a transaction dated Thursday, May 25th. The stock was bought at an average price of C$20.20 per share, for a total transaction of C$36,360.00. Also, Director Mary C. Ritchie sold 5,000 shares of Alaris Royalty Corp. stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of C$20.18, for a total transaction of C$100,900.00. In the last quarter, insiders have bought 7,800 shares of company stock valued at $173,700.
About Alaris Royalty Corp.
Alaris Royalty Corp. is a Canada-based company providing capital to private businesses (individually, a Private Company Partner and collectively the Partners). The Company’s operations consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, or long-term license and royalty arrangements.
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