Alaris Royalty Corp. (TSE:AD) – National Bank Financial boosted their Q4 2019 earnings per share estimates for Alaris Royalty in a research note issued on Wednesday, June 12th. National Bank Financial analyst J. Gloyn now expects that the company will earn $0.41 per share for the quarter, up from their previous estimate of $0.40. National Bank Financial has a “Sector Perform” rating and a $18.00 price target on the stock.
Alaris Royalty (TSE:AD) last issued its earnings results on Monday, May 6th. The company reported C$0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.41 by C$0.01. The firm had revenue of C$27.66 million during the quarter, compared to the consensus estimate of C$27.20 million.
Other equities analysts have also recently issued reports about the company. Desjardins raised their price objective on Alaris Royalty from C$22.00 to C$22.50 in a research note on Thursday. Raymond James dropped their price objective on Alaris Royalty from C$20.50 to C$18.00 in a research note on Monday, April 22nd. CIBC raised their price objective on Alaris Royalty from C$19.00 to C$22.00 in a research note on Thursday, March 7th. Cormark raised their price objective on Alaris Royalty from C$21.50 to C$22.00 in a research note on Thursday, March 7th. Finally, Royal Bank of Canada dropped their price objective on Alaris Royalty from C$25.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th.
Shares of TSE:AD opened at C$19.15 on Friday. The company has a current ratio of 3.84, a quick ratio of 1.86 and a debt-to-equity ratio of 36.91. Alaris Royalty has a 1-year low of C$15.62 and a 1-year high of C$21.41. The firm has a market cap of $685.40 million and a price-to-earnings ratio of 9.34.
The business also recently announced a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 17th will be issued a dividend of $0.1375 per share. This represents a $1.65 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date of this dividend is Thursday, May 30th. Alaris Royalty’s payout ratio is presently 79.63%.
In other Alaris Royalty news, Senior Officer Curtis James Krawetz sold 6,000 shares of Alaris Royalty stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$18.61, for a total transaction of C$111,660.00. Following the completion of the transaction, the insider now owns 36,721 shares of the company’s stock, valued at approximately C$683,377.81. Also, Director Gary Patterson sold 3,000 shares of Alaris Royalty stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$18.98, for a total value of C$56,940.00. Following the transaction, the director now directly owns 28,337 shares of the company’s stock, valued at approximately C$537,836.26. Insiders have sold a total of 11,500 shares of company stock valued at $215,125 in the last ninety days.
Alaris Royalty Company Profile
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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