Alaris Royalty Corp. (TSE:AD) – Stock analysts at Desjardins increased their FY2019 earnings per share estimates for Alaris Royalty in a research note issued to investors on Tuesday, November 6th. Desjardins analyst G. Ho now expects that the company will post earnings per share of $1.85 for the year, up from their previous forecast of $1.83.
Several other equities research analysts have also commented on AD. National Bank Financial upped their price target on shares of Alaris Royalty from C$18.50 to C$22.00 and gave the company an “outperform” rating in a research report on Monday, September 17th. CIBC upped their price target on shares of Alaris Royalty from C$18.00 to C$19.00 in a research report on Monday, September 17th. Finally, Raymond James upped their price target on shares of Alaris Royalty from C$18.00 to C$20.00 and gave the company a “market perform” rating in a research report on Tuesday, September 18th.
Shares of TSE:AD opened at C$18.00 on Thursday. 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 0.77, a current ratio of 1.75 and a debt-to-equity ratio of 13.36.
The firm also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.135 per share. This represents a $1.62 annualized dividend and a dividend yield of 9.00%. The ex-dividend date of this dividend is Tuesday, October 30th. Alaris Royalty’s payout ratio is currently 623.08%.
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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