Alaris Royalty Corp. (TSE:AD) – Stock analysts at Cormark raised their FY2018 earnings estimates for shares of Alaris Royalty in a report issued on Wednesday, November 14th. Cormark analyst J. Fenwick now anticipates that the company will post earnings of $1.66 per share for the year, up from their previous forecast of $1.61.
Several other analysts have also issued reports on AD. Raymond James upped their target price on shares of Alaris Royalty from C$18.00 to C$20.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 18th. National Bank Financial upped their target price on shares of Alaris Royalty from C$18.50 to C$22.00 and gave the stock an “outperform” rating in a research note on Monday, September 17th. Desjardins upped their target price on shares of Alaris Royalty from C$19.00 to C$20.00 in a research note on Tuesday, July 24th. Finally, CIBC upped their target price on shares of Alaris Royalty from C$18.00 to C$19.00 in a research note on Monday, September 17th.
Shares of AD stock opened at C$17.51 on Friday. 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 has a 12 month low of C$15.30 and a 12 month high of C$20.94.
The company also recently announced a monthly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 15th were paid a $0.135 dividend. The ex-dividend date was Tuesday, October 30th. This represents a $1.62 annualized dividend and a dividend yield of 9.25%. Alaris Royalty’s payout ratio is 110.35%.
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.