Analysts Offer Predictions for Alaris Royalty Corp.’s FY2019 Earnings (AD)

Alaris Royalty Corp. (TSE:AD) – Analysts at Raymond James issued their FY2019 earnings per share (EPS) estimates for Alaris Royalty in a research report issued on Monday, April 22nd. Raymond James analyst B. Phelan anticipates that the company will post earnings of $1.80 per share for the year. Raymond James also issued estimates for Alaris Royalty’s FY2020 earnings at $1.91 EPS.

Alaris Royalty (TSE:AD) last issued its earnings results on Tuesday, March 5th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.09. The firm had revenue of C$25.31 million during the quarter, compared to analyst estimates of C$25.20 million.

AD has been the subject of several other research reports. Royal Bank of Canada reissued an “outperform” rating and issued a C$24.00 price target on shares of Alaris Royalty in a research note on Monday, March 4th. National Bank Financial increased their price target on Alaris Royalty from C$21.00 to C$21.50 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Cormark increased their price target on Alaris Royalty from C$21.50 to C$22.00 in a research note on Thursday, March 7th. Finally, CIBC increased their price target on Alaris Royalty from C$19.00 to C$22.00 in a research note on Thursday, March 7th.

Shares of AD opened at C$18.12 on Tuesday. Alaris Royalty has a 12-month low of C$15.30 and a 12-month high of C$21.41. The company has a quick ratio of 2.48, a current ratio of 4.74 and a debt-to-equity ratio of 35.87. The stock has a market capitalization of $660.94 million and a price-to-earnings ratio of 10.98.

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

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