Alaris Royalty Corp. (TSE:AD) – Equities research analysts at Cormark cut their FY2018 EPS estimates for shares of Alaris Royalty in a research report issued to clients and investors on Thursday, May 17th. Cormark analyst J. Fenwick now forecasts that the company will post earnings per share of $1.54 for the year, down from their prior estimate of $1.60. Cormark also issued estimates for Alaris Royalty’s FY2019 earnings at $1.78 EPS.

Alaris Royalty (TSE:AD) last released its quarterly earnings data on Monday, March 5th. The company reported C$0.31 EPS for the quarter. The company had revenue of C$21.64 million for the quarter. Alaris Royalty had a negative return on equity of 14.19% and a negative net margin of 42.91%.

Several other brokerages also recently commented on AD. Raymond James dropped their target price on Alaris Royalty from C$20.00 to C$18.00 and set a “market perform” rating on the stock in a report on Wednesday, May 9th. Desjardins upgraded Alaris Royalty from a “hold” rating to a “buy” rating in a report on Tuesday, April 17th. Scotiabank downgraded Alaris Royalty from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$22.00 to C$17.50 in a report on Wednesday, May 9th. CIBC dropped their price objective on Alaris Royalty from C$21.00 to C$18.00 in a report on Wednesday, May 9th. Finally, National Bank Financial dropped their price objective on Alaris Royalty to C$20.00 and set an “outperform” rating on the stock in a report on Tuesday, May 8th.

Shares of TSE:AD opened at C$15.95 on Friday. Alaris Royalty has a one year low of C$15.30 and a one year high of C$23.45.

About Alaris Royalty

Alaris Royalty Corp. is a Canada-based company providing capital to private businesses (individually, a Private Company Partner and collectively the Partners). The Company’s operations consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, or long-term license and royalty arrangements.

Earnings History and Estimates for Alaris Royalty (TSE:AD)

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