Alaris Royalty Corp. (TSE:AD) – Equities researchers at Cormark dropped their FY2019 earnings per share estimates for shares of Alaris Royalty in a research report issued to clients and investors on Monday, June 24th. Cormark analyst J. Fenwick now anticipates that the company will post earnings of $1.91 per share for the year, down from their prior estimate of $1.92. Cormark also issued estimates for Alaris Royalty’s FY2020 earnings at $2.04 EPS.
Several other equities research analysts have also recently issued reports on the stock. National Bank Financial cut shares of Alaris Royalty from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$21.50 to C$18.00 in a research report on Wednesday, April 17th. Raymond James decreased their target price on shares of Alaris Royalty from C$20.50 to C$18.00 in a research report on Monday, April 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a C$24.00 target price on shares of Alaris Royalty in a research report on Monday, March 4th. CIBC raised their target price on shares of Alaris Royalty from C$19.00 to C$22.00 in a research report on Thursday, March 7th. Finally, Desjardins reissued a “buy” rating on shares of Alaris Royalty in a research report on Wednesday, June 12th.
Alaris Royalty (TSE:AD) last released its earnings results on Monday, May 6th. The company reported C$0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.41 by C$0.01. The company had revenue of C$27.66 million during the quarter, compared to analyst estimates of C$27.20 million.
The business also recently announced a monthly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 17th were given a $0.1375 dividend. The ex-dividend date was Thursday, May 30th. This represents a $1.65 annualized dividend and a dividend yield of 8.49%. Alaris Royalty’s dividend payout ratio is presently 79.63%.
In other Alaris Royalty news, Director Gary Patterson sold 3,000 shares of Alaris Royalty stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of C$18.98, for a total transaction of C$56,940.00. Following the transaction, the director now directly owns 28,337 shares of the company’s stock, valued at C$537,836.26. Also, Senior Officer Curtis James Krawetz sold 6,000 shares of Alaris Royalty stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of C$18.61, for a total transaction of C$111,660.00. Following the transaction, the insider now directly owns 36,721 shares in the company, valued at C$683,377.81. Insiders sold 11,500 shares of company stock worth $215,125 over the last three months.
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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