Altus Group Ltd to Post FY2018 Earnings of $1.66 Per Share, Cormark Forecasts (AIF)
Altus Group Ltd (TSE:AIF) – Equities researchers at Cormark boosted their FY2018 earnings per share (EPS) estimates for Altus Group in a research report issued on Thursday. Cormark analyst M. Macdougall now expects that the company will post earnings of $1.66 per share for the year, up from their previous forecast of $1.65.
A number of other brokerages have also recently issued reports on AIF. Royal Bank Of Canada restated a “sector perform” rating and set a C$33.00 target price on shares of Altus Group in a research report on Thursday, June 8th. TD Securities lifted their target price on shares of Altus Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. CIBC cut shares of Altus Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Finally, Canaccord Genuity lifted their target price on shares of Altus Group from C$34.00 to C$36.00 in a research report on Thursday, August 3rd.
Altus Group (TSE AIF) traded up 0.64% during mid-day trading on Friday, reaching $33.24. 23,465 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.27 billion and a PE ratio of 11.48. Altus Group has a 1-year low of $25.25 and a 1-year high of $33.50. The firm’s 50-day moving average is $31.33 and its 200 day moving average is $29.91.
In other news, insider Edward Charles Orlik sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of C$31.88, for a total value of C$79,700.00.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Thursday, September 28th.
About Altus Group
Altus Group Ltd provides independent advisory services, software and data solutions. The Company’s segments include Property Tax Consulting (Property Tax); Research, Valuation & Advisory (RVA); ARGUS Software; Geomatics, and Cost Consulting & Project Management (Cost). The Property Tax segment performs property tax assessment reviews and appeals, and assists with property tax compliance filings.
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