Alaris Royalty Corp. (TSE:AD) – Stock analysts at Cormark dropped their FY2021 earnings per share (EPS) estimates for Alaris Royalty in a research note issued on Monday, March 23rd. Cormark analyst J. Fenwick now anticipates that the company will post earnings per share of $1.98 for the year, down from their prior forecast of $2.11.

Other research analysts have also recently issued research reports about the stock. Scotiabank upped their target price on shares of Alaris Royalty from C$20.00 to C$21.00 in a research report on Wednesday, January 8th. CIBC cut shares of Alaris Royalty from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from C$25.00 to C$21.50 in a research report on Tuesday, March 3rd. Finally, National Bank Financial decreased their target price on shares of Alaris Royalty from C$18.00 to C$8.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of C$18.71.

Shares of TSE:AD opened at C$6.66 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 1.87 and a debt-to-equity ratio of 62.37. Alaris Royalty has a fifty-two week low of C$5.83 and a fifty-two week high of C$23.34. The firm has a 50-day simple moving average of C$17.23 and a 200 day simple moving average of C$20.12. The company has a market cap of $228.84 million and a PE ratio of 6.80.

The company also recently announced a monthly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 28th were given a $0.138 dividend. This is a boost from Alaris Royalty’s previous monthly dividend of $0.14. The ex-dividend date was Thursday, February 27th. This represents a $1.66 annualized dividend and a yield of 24.86%. Alaris Royalty’s dividend payout ratio is 168.37%.

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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