Equities Analysts Offer Predictions for Alaris Royalty Corp.’s FY2020 Earnings (TSE:AD)

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Alaris Royalty Corp. (TSE:AD) – Equities research analysts at National Bank Financial raised their FY2020 EPS estimates for shares of Alaris Royalty in a report released on Wednesday, June 12th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $1.70 for the year, up from their prior forecast of $1.68. National Bank Financial currently has a “Sector Perform” rating and a $18.00 price target on the stock.

Several other brokerages also recently issued reports on AD. Raymond James reiterated a “market perform” rating and set a C$19.00 price target on shares of Alaris Royalty in a research report on Wednesday, March 6th. CIBC upped their price target on shares of Alaris Royalty from C$19.00 to C$22.00 in a research report on Thursday, March 7th. Cormark upped their price target on shares of Alaris Royalty from C$21.50 to C$22.00 in a research report on Thursday, March 7th. Royal Bank of Canada reiterated an “outperform” rating and set a C$24.00 price target on shares of Alaris Royalty in a research report on Monday, March 4th. Finally, Desjardins reiterated a “buy” rating on shares of Alaris Royalty in a research report on Wednesday, June 12th.

Shares of TSE AD opened at C$19.34 on Monday. The stock has a market cap of $705.83 million and a P/E ratio of 9.43. The company has a debt-to-equity ratio of 36.91, a quick ratio of 1.86 and a current ratio of 3.84. Alaris Royalty has a 12-month low of C$15.62 and a 12-month high of C$21.41.

Alaris Royalty (TSE:AD) last issued its quarterly 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 for the quarter, compared to analyst estimates of C$27.20 million.

The business also recently declared a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 17th will be given a dividend of $0.1375 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.65 annualized dividend and a yield of 8.53%. Alaris Royalty’s dividend payout ratio (DPR) is 80.49%.

In other Alaris Royalty news, Director Gary Patterson sold 3,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately C$537,836.26. Also, Director Jack Chuck Lee sold 2,500 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$18.61, for a total transaction of C$46,525.00. Following the transaction, the director now owns 219,087 shares in the company, valued at C$4,077,209.07. In the last quarter, insiders have sold 11,500 shares of company stock worth $215,125.

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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