Altus Group (TSE:AIF) Issues Quarterly Earnings Results

Altus Group (TSE:AIF) released its earnings results on Thursday. The company reported C$0.71 earnings per share (EPS) for the quarter, FiscalAI reports. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. The company had revenue of C$116.92 million during the quarter.

Here are the key takeaways from Altus Group’s conference call:

• Positive sentiment: Revenue grew 6.8% organically, at the high end of guidance, led by software growth of 14.6% and VMS growth of 5.9%. Recurring revenue rose 7.9% and accounted for about 96% of year-to-date revenue, though data revenue declined 6.8%.
• Positive sentiment: Adjusted EBITDA margin expanded 790 basis points to 32.1%, and the company raised its full-year margin-expansion outlook to 600–620 basis points. Management expects to exit 2026 at Rule of 40 and said margins should continue improving into 2027.
• Positive sentiment: Software ARR grew at a double-digit rate for the fourth consecutive quarter, excluding Valos’s initial contribution; software retention metrics also improved. ARGUS Assist has attracted more than 60 sign-ups in the past two months, while the company plans to launch Investment Manager in early 2027.
• Negative sentiment: Operating cash flow was CAD 36.9 million year to date, reflecting transformation and transaction costs, among other factors. Management expects improvement as those costs normalize but did not provide a free-cash-flow conversion target, and said some cash costs will continue into 2027.

Altus Group Stock Performance

AIF stock traded down C$0.19 during midday trading on Friday, hitting C$51.80. 166,742 shares of the company traded hands, compared to its average volume of 193,113. Altus Group has a twelve month low of C$36.97 and a twelve month high of C$57.35. The stock has a market capitalization of C$1.77 billion, a price-to-earnings ratio of -126.34, a price-to-earnings-growth ratio of 0.96 and a beta of 0.48. The company has a quick ratio of 1.30, a current ratio of 1.09 and a debt-to-equity ratio of 83.44. The business has a 50 day simple moving average of C$47.30 and a 200-day simple moving average of C$46.13.

Insider Buying and Selling at Altus Group

In other news, Director Michael Gordon bought 5,000 shares of the business’s stock in a transaction on Tuesday, September 22nd. The stock was purchased at an average price of C$44.36 per share, with a total value of C$221,800.00. Following the transaction, the director directly owned 46,940 shares in the company, valued at approximately C$2,082,258.40. The trade was a 11.92% increase in their ownership of the stock. Also, Director William Brennan acquired 3,771 shares of the company’s stock in a transaction dated Monday, September 21st. The stock was acquired at an average price of C$44.84 per share, for a total transaction of C$169,091.64. Following the completion of the purchase, the director directly owned 3,659,822 shares of the company’s stock, valued at C$164,106,418.48. This trade represents a 0.10% increase in their position. Over the last ninety days, insiders have purchased 63,208 shares of company stock valued at $2,865,356. 4.05% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. BMO Capital Markets boosted their target price on Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. National Bank Financial lifted their price target on Altus Group from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a report on Wednesday, October 21st. Finally, ATB Cormark Capital Markets boosted their price target on Altus Group from C$56.00 to C$57.10 and gave the company an “outperform” rating in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Altus Group has an average rating of “Moderate Buy” and a consensus price target of C$56.26.

Altus Group Company Profile

Altus Group is a leading provider of CRE intelligence, anchored by ARGUS – the industry’s go-to software for valuation and performance analytics. For more than two decades, Altus Group has played a vital role in empowering CRE professionals with the analytics and trusted advice they need to make high-impact decisions with confidence. The world’s CRE leaders rely on our market-leading solutions and expertise to drive performance and manage risk. Our people around the world are driving meaningful impact in an industry undergoing unprecedented change – helping shape the cities where we live, work, and build thriving communities.