Alaris Royalty Corp. (TSE:AD) – Equities research analysts at Cormark reduced their FY2019 earnings per share (EPS) estimates for shares of Alaris Royalty in a report issued on Wednesday, November 14th, Zacks Investment Research reports. Cormark analyst J. Fenwick now forecasts that the company will post earnings per share of $1.80 for the year, down from their prior forecast of $1.84.

Several other brokerages also recently issued reports on AD. National Bank Financial raised their price target on Alaris Royalty from C$18.50 to C$22.00 and gave the company an “outperform” rating in a report on Monday, September 17th. CIBC raised their price target on Alaris Royalty from C$18.00 to C$19.00 in a report on Monday, September 17th. Finally, Raymond James raised their price target on Alaris Royalty from C$18.00 to C$20.00 and gave the company a “market perform” rating in a report on Tuesday, September 18th.

Alaris Royalty stock traded down C$0.02 during mid-day trading on Thursday, hitting C$18.49. 105,900 shares of the company’s stock traded hands, compared to its average volume of 164,701. Alaris Royalty has a fifty-two week low of C$15.30 and a fifty-two week high of C$20.94. The company has a quick ratio of 2.26, a current ratio of 4.34 and a debt-to-equity ratio of 24.04.

Alaris Royalty (TSE:AD) last released its earnings results on Monday, November 5th. The company reported C$0.47 earnings per share for the quarter, beating the consensus estimate of C$0.45 by C$0.02. The firm had revenue of C$22.69 million during the quarter, compared to the consensus estimate of C$28.70 million.

The company also recently announced a monthly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 15th were issued a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 8.76%. The ex-dividend date was Tuesday, October 30th. Alaris Royalty’s dividend payout ratio is currently 112.40%.

About Alaris Royalty

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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