Altus Group (AIF) to Release Quarterly Earnings on Thursday

Altus Group (TSE:AIF - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Altus Group to post earnings of C$0.23 per share for the quarter.

Altus Group (TSE:AIF - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.22 by C$0.23. The firm had revenue of C$206.71 million during the quarter, compared to the consensus estimate of C$132.50 million. Altus Group had a return on equity of 0.48% and a net margin of 0.37%.

Altus Group Price Performance

TSE:AIF traded down C$0.91 during trading hours on Thursday, reaching C$52.68. 39,487 shares of the company traded hands, compared to its average volume of 70,536. The company has a debt-to-equity ratio of 57.13, a current ratio of 1.41 and a quick ratio of 1.30. The firm's 50-day moving average is C$53.85 and its 200-day moving average is C$52.05. The stock has a market cap of C$2.43 billion, a P/E ratio of 880.17, a P/E/G ratio of 0.96 and a beta of 0.82. Altus Group has a 1-year low of C$35.29 and a 1-year high of C$59.60.

Altus Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.14%. Altus Group's dividend payout ratio (DPR) is 1,000.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AIF. BMO Capital Markets cut their price target on Altus Group from C$59.00 to C$55.00 in a report on Friday, August 9th. CIBC upped their target price on Altus Group from C$53.00 to C$54.00 in a research note on Wednesday, July 10th. Eight Capital upped their target price on Altus Group from C$50.00 to C$55.00 in a research note on Wednesday, July 10th. Cormark dropped their target price on Altus Group from C$63.00 to C$56.00 and set a "hold" rating for the company in a research note on Friday, August 9th. Finally, National Bankshares upped their target price on Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$56.33.

Insider Buying and Selling at Altus Group

In related news, Director William Brennan bought 500 shares of the firm's stock in a transaction dated Tuesday, September 24th. The stock was bought at an average price of C$54.48 per share, with a total value of C$27,240.00. In related news, Director William Brennan bought 500 shares of the firm's stock in a transaction dated Tuesday, September 24th. The stock was bought at an average price of C$54.48 per share, with a total value of C$27,240.00. Also, Senior Officer Kimberly Carter sold 1,100 shares of the company's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$54.00, for a total value of C$59,400.00. 4.05% of the stock is owned by company insiders.

About Altus Group

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.