Alaris Royalty Corp. (TSE:AD) – Equities researchers at Desjardins lifted their FY2019 EPS estimates for Alaris Royalty in a research report issued to clients and investors on Tuesday, November 5th. Desjardins analyst G. Ho now expects that the company will earn $1.92 per share for the year, up from their previous estimate of $1.77. Desjardins also issued estimates for Alaris Royalty’s FY2020 earnings at $1.96 EPS and FY2021 earnings at $2.24 EPS.
AD has been the subject of a number of other research reports. Raymond James increased their price objective on Alaris Royalty from C$19.50 to C$20.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. CIBC raised Alaris Royalty from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$22.00 to C$25.00 in a research note on Friday, July 12th. National Bank Financial raised their price target on Alaris Royalty from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Royal Bank of Canada raised their price target on Alaris Royalty from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$22.67.
The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be paid a $0.1375 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 7.70%. The ex-dividend date of this dividend is Wednesday, October 30th. Alaris Royalty’s payout ratio is 84.10%.
In related news, Senior Officer Amanda Mai Frazer sold 3,100 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$19.75, for a total value of C$61,225.00. Following the completion of the sale, the insider now owns 9,113 shares of the company’s stock, valued at C$179,981.75. Insiders sold 5,700 shares of company stock valued at $112,316 in the last ninety days.
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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