Alaris Royalty Corp. (AD) Forecasted to Post FY2018 Earnings of $1.61 Per Share

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Alaris Royalty Corp. (TSE:AD) – Investment analysts at Cormark reduced their FY2018 earnings estimates for shares of Alaris Royalty in a research report issued to clients and investors on Monday, September 17th, Zacks Investment Research reports. Cormark analyst J. Fenwick now expects that the company will post earnings of $1.61 per share for the year, down from their prior estimate of $1.64. Cormark also issued estimates for Alaris Royalty’s FY2019 earnings at $1.84 EPS.

Several other research analysts have also weighed in on the company. Raymond James boosted their price target on Alaris Royalty from C$18.00 to C$20.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 18th. CIBC boosted their price target on Alaris Royalty from C$18.00 to C$19.00 in a research report on Monday, September 17th. National Bank Financial lifted their target price on Alaris Royalty from C$18.50 to C$22.00 and gave the stock an “outperform” rating in a research note on Monday, September 17th. Finally, Desjardins lifted their target price on Alaris Royalty from C$19.00 to C$20.00 in a research note on Tuesday, July 24th.

Shares of TSE:AD traded up C$0.07 during trading on Thursday, hitting C$19.29. 104,600 shares of the company were exchanged, compared to its average volume of 167,156. Alaris Royalty has a fifty-two week low of C$15.30 and a fifty-two week high of C$21.24.

Alaris Royalty (TSE:AD) last posted its quarterly earnings results on Monday, July 23rd. The company reported C$0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.51 by C($0.05). The company had revenue of C$28.44 million for the quarter, compared to analyst estimates of C$33.80 million. Alaris Royalty had a negative return on equity of 14.19% and a negative net margin of 42.91%.

The firm also recently announced a monthly dividend, which was paid on Monday, September 17th. Stockholders of record on Monday, September 17th were paid a dividend of $0.135 per share. The ex-dividend date was Thursday, August 30th. This represents a $1.62 annualized dividend and a dividend yield of 8.40%.

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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Earnings History and Estimates for Alaris Royalty (TSE:AD)

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