Alaris Royalty Corp. to Post FY2018 Earnings of $1.82 Per Share, Cormark Forecasts (AD)

Alaris Royalty Corp. (TSE:AD) – Investment analysts at Cormark raised their FY2018 EPS estimates for Alaris Royalty in a research note issued to investors on Wednesday, April 4th. Cormark analyst J. Fenwick now forecasts that the company will earn $1.82 per share for the year, up from their prior estimate of $1.80. Cormark also issued estimates for Alaris Royalty’s FY2019 earnings at $2.14 EPS.

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

A number of other analysts have also recently commented on AD. Raymond James Financial dropped their target price on shares of Alaris Royalty from C$21.00 to C$20.00 and set a “market perform” rating on the stock in a report on Tuesday, March 6th. National Bank Financial dropped their target price on shares of Alaris Royalty from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a report on Monday, March 12th.

Shares of AD stock opened at C$16.90 on Thursday. Alaris Royalty has a 12 month low of C$16.24 and a 12 month high of C$23.45.

The firm also recently announced a monthly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 9.59%. The ex-dividend date of this dividend was Tuesday, February 27th.

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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.

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