Altus Group Ltd (TSE:AIF) – Equities researchers at National Bank Financial issued their Q4 2017 earnings per share estimates for shares of Altus Group in a research note issued to investors on Monday. National Bank Financial analyst R. Tse expects that the company will post earnings of $0.41 per share for the quarter. National Bank Financial has a “Outperform” rating and a $43.00 price objective on the stock.
Several other equities analysts also recently issued reports on AIF. TD Securities boosted their price target on shares of Altus Group from C$36.00 to C$41.00 and gave the company a “buy” rating in a report on Friday, November 3rd. BMO Capital Markets boosted their price target on shares of Altus Group from C$37.00 to C$43.00 in a report on Friday, November 3rd. Scotiabank set a C$41.00 price target on shares of Altus Group and gave the company a “sector perform” rating in a report on Wednesday, January 17th. CIBC boosted their price target on shares of Altus Group from C$28.00 to C$32.00 in a report on Friday, November 3rd. Finally, Canaccord Genuity boosted their price target on shares of Altus Group from C$36.00 to C$39.00 in a report on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$39.86.
Altus Group (TSE:AIF) last announced its quarterly earnings results on Thursday, November 2nd. The company reported C$0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.33 by C$0.01. Altus Group had a net margin of 6.39% and a return on equity of 7.21%.
In related news, insider Barry Isaac Eisen sold 8,755 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of C$37.30, for a total value of C$326,561.50. Also, insider Terry Alan Bishop sold 6,800 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of C$36.65, for a total transaction of C$249,220.00. Insiders sold 19,055 shares of company stock valued at $701,582 in the last ninety days.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Sunday, December 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.75%. The ex-dividend date was Thursday, December 28th. Altus Group’s payout ratio is currently 18.93%.
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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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