Cormark Issues Optimistic Outlook for Altus Group Earnings

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) - Equities researchers at Cormark raised their Q3 2026 earnings estimates for shares of Altus Group in a research report issued on Wednesday, August 13th. Cormark analyst G. Fairweather now expects that the company will post earnings per share of $0.58 for the quarter, up from their previous estimate 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 brokerages also recently commented on AIF. Scotiabank increased their price objective on shares of Altus Group from C$52.00 to C$53.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. National Bank Financial raised shares of Altus Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 12th. BMO Capital Markets increased their target price on Altus Group from C$60.00 to C$62.00 in a research note on Thursday, May 22nd. Royal Bank Of Canada decreased their price target 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. Finally, National Bankshares raised Altus Group from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from C$60.00 to C$74.00 in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Altus Group currently has an average rating of "Moderate Buy" and an average price target of C$60.20.

Altus Group Stock Down 0.4%

Shares of AIF traded down C$0.22 on Thursday, reaching C$61.17. The stock had a trading volume of 154,693 shares, compared to its average volume of 127,020. The company has a 50-day simple moving average of C$54.63 and a 200-day simple moving average of C$53.67. Altus Group has a 12-month low of C$46.36 and a 12-month high of C$62.00. The firm has a market capitalization of C$2.85 billion, a price-to-earnings ratio of 1,070.36, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09.

Altus Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.15 dividend. 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%.

Insiders Place Their Bets

In other Altus Group news, Director Anthony Long sold 3,000 shares of the stock in a transaction that occurred 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 the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was 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 insiders.

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.