Altus Group (TSE:AIF) Issues Earnings Results

Altus Group (TSE:AIFGet Free Report) issued its earnings results on Thursday. The company reported C$0.53 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$112.67 million for the quarter. Altus Group had a negative net margin of 3.42% and a negative return on equity of 2.76%.

Altus Group Stock Performance

Altus Group stock traded down C$1.22 during midday trading on Thursday, hitting C$45.57. The company’s stock had a trading volume of 128,602 shares, compared to its average volume of 220,255. The company has a debt-to-equity ratio of 52.00, a current ratio of 0.71 and a quick ratio of 1.30. The company has a market cap of C$1.63 billion, a price-to-earnings ratio of -2,278.50, a PEG ratio of 0.96 and a beta of 0.29. Altus Group has a 1-year low of C$36.97 and a 1-year high of C$63.07. The company has a 50-day moving average price of C$45.54 and a two-hundred day moving average price of C$45.57.

Altus Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a $0.15 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 annualized dividend and a yield of 1.3%. Altus Group’s payout ratio is -3,000.00%.

Insider Buying and Selling at Altus Group

In related news, Director William Brennan acquired 2,000 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was purchased at an average cost of C$42.90 per share, with a total value of C$85,800.00. Following the acquisition, the director directly owned 3,529,831 shares of the company’s stock, valued at approximately C$151,429,749.90. The trade was a 0.06% increase in their ownership of the stock. Insiders have purchased 190,392 shares of company stock valued at $8,052,187 in the last three months. 4.05% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AIF. ATB Cormark Capital Markets upped their target price on shares of Altus Group from C$54.00 to C$58.00 and gave the company an “outperform” rating in a report on Friday, April 17th. BMO Capital Markets boosted their price target on Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. Finally, National Bank Financial dropped their price objective on Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$55.62.

View Our Latest Stock Report on AIF

About Altus Group

(Get Free Report)

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.

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Earnings History for Altus Group (TSE:AIF)

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