Alaris Royalty Corp. (TSE:AD) – Investment analysts at Desjardins dropped their FY2019 earnings per share (EPS) estimates for shares of Alaris Royalty in a report released on Tuesday, May 7th. Desjardins analyst G. Ho now anticipates that the company will post earnings per share of $1.60 for the year, down from their previous estimate of $1.83. Desjardins also issued estimates for Alaris Royalty’s FY2020 earnings at $1.93 EPS.
A number of other analysts have also commented on the company. Royal Bank of Canada reduced their target price on Alaris Royalty from C$25.00 to C$22.00 and set an “outperform” rating for the company in a report on Wednesday. Raymond James lifted their target price on Alaris Royalty from C$18.00 to C$18.50 and gave the stock a “market perform” rating in a report on Tuesday. National Bank Financial lowered Alaris Royalty from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$21.50 to C$18.00 in a report on Wednesday, April 17th. CIBC lifted their target price on Alaris Royalty from C$19.00 to C$22.00 in a report on Thursday, March 7th. Finally, Cormark lifted their target price on Alaris Royalty from C$21.50 to C$22.00 in a report on Thursday, March 7th.
Alaris Royalty stock opened at C$18.59 on Thursday. The firm has a market capitalization of $674.45 million and a price-to-earnings ratio of 11.27. Alaris Royalty has a 12 month low of C$15.30 and a 12 month high of C$21.41. The company has a debt-to-equity ratio of 35.87, a current ratio of 4.74 and a quick ratio of 2.48.
Alaris Royalty (TSE:AD) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.40 by C$0.09. The company had revenue of C$25.31 million for the quarter, compared to analysts’ expectations of C$25.20 million.
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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