Cormark Comments on Altus Group's Q3 Earnings (TSE:AIF)

Key Points

• Cormark Brokers raised Altus Group's earnings estimates for Q3 2026 to $0.58 per share, up from $0.57, and set Q4 2026 and FY2026 earnings projections at $0.76 EPS and $2.40 EPS, respectively.
• Several equities analysts have adjusted their target prices for Altus Group, with Scotiabank raising it to C$53.00 and BMO Capital Markets increasing it to C$62.00, indicating a "Moderate Buy" consensus rating.
• Altus Group announced a quarterly dividend of $0.15, payable on October 15th, representing a 1.0% annual dividend yield, though the company has a high dividend payout ratio of 1,049.89%.

Altus Group Limited (TSE:AIF - Free Report) - Cormark lifted their Q3 2026 earnings per share (EPS) estimates for shares of Altus Group in a research note issued to investors on Wednesday, August 13th. Cormark analyst G. Fairweather now forecasts that the company will post earnings per share of $0.58 for the quarter, up from their previous forecast of $0.57. The consensus estimate for Altus Group's current full-year earnings is $1.73 per share. Cormark also issued estimates for Altus Group's Q4 2026 earnings at $0.76 EPS and FY2026 earnings at $2.40 EPS.

Several other equities research analysts have also weighed in on the company. National Bank Financial raised Altus Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 12th. Scotiabank raised their price objective on Altus Group from C$52.00 to C$53.00 and gave the stock a "sector perform" rating in a research note on Friday, August 8th. Royal Bank Of Canada reduced their price objective on Altus Group from C$62.00 to C$58.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 22nd. BMO Capital Markets raised their price objective on Altus Group from C$60.00 to C$62.00 in a research note on Thursday, May 22nd. Finally, National Bankshares raised Altus Group from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from C$60.00 to C$74.00 in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$60.20.

Altus Group Price Performance

Shares of AIF traded up C$0.23 during trading hours on Thursday, hitting C$61.27. 93,644 shares of the company were exchanged, compared to its average volume of 126,773. The company has a market capitalization of C$2.85 billion, a PE ratio of 1,072.11, a PEG ratio of 0.96 and a beta of 0.82. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The firm has a fifty day simple moving average of C$54.80 and a 200-day simple moving average of C$53.68. Altus Group has a one year low of C$46.36 and a one year high of C$62.00.

Insiders Place Their Bets

In related news, Director Anthony Long sold 3,000 shares of Altus Group stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of C$56.16, for a total transaction of C$168,468.00. Also, Senior Officer Kimberly Carter sold 725 shares of Altus Group stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of C$55.00, for a total value of C$39,875.00. 4.05% of the stock is currently owned by company insiders.

Altus Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. Altus Group's payout ratio is 1,049.89%.

Altus Group Company Profile

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment.