National Bank Financial Weighs in on Alaris Royalty Corp.’s Q1 2018 Earnings (AD)

Alaris Royalty Corp. (TSE:AD) – Research analysts at National Bank Financial issued their Q1 2018 earnings estimates for shares of Alaris Royalty in a report released on Sunday. National Bank Financial analyst J. Gloyn forecasts that the company will post earnings per share of $0.38 for the quarter. 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 Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.41 EPS and FY2018 earnings at $1.58 EPS.

Separately, Raymond James Financial cut their target price on Alaris Royalty from C$21.00 to C$20.00 and set a “market perform” rating on the stock in a report on Tuesday, March 6th.

Alaris Royalty (AD) opened at C$17.96 on Wednesday. Alaris Royalty has a twelve month low of C$17.70 and a twelve month high of C$23.45. The stock has a market capitalization of $667.61, a price-to-earnings ratio of 56.13 and a beta of 0.79.

The company also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a $0.135 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 9.02%. The ex-dividend date is Tuesday, February 27th. Alaris Royalty’s dividend payout ratio is currently 506.25%.

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About Alaris Royalty

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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