Cormark Issues Optimistic Outlook for Altus Group Earnings

Key Points

• Cormark analysts raised their Q2 2026 EPS estimate for Altus Group to $0.59, reflecting a positive outlook from a previous estimate of $0.58.
• Several research institutions have upgraded Altus Group’s ratings, with National Bankshares increasing its target from C$60.00 to C$74.00 and moving from a "sector perform" to an "outperform" rating.
• Altus Group declared a quarterly dividend of $0.15 per share, translating to a 1.0% annual yield, with a notably high dividend payout ratio of 1,049.89%.

Altus Group Limited (TSE:AIF - Free Report) - Research analysts at Cormark boosted their Q2 2026 earnings per share estimates for shares of Altus Group in a research note issued on Wednesday, August 13th. Cormark analyst G. Fairweather now forecasts that the company will post earnings of $0.59 per share for the quarter, up from their previous estimate of $0.58. The consensus estimate for Altus Group's current full-year earnings is $1.73 per share.

AIF has been the topic of a number of other reports. Scotiabank upped their target price on 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 Altus Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 12th. BMO Capital Markets upped their price target on Altus Group from C$60.00 to C$62.00 in a research report on Thursday, May 22nd. National Bankshares raised Altus Group from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$60.00 to C$74.00 in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada dropped their price target on Altus Group from C$62.00 to C$58.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Altus Group presently has a consensus rating of "Moderate Buy" and a consensus price target of C$60.20.

Altus Group Stock Down 0.1%

Shares of AIF traded down C$0.04 during trading on Friday, reaching C$61.00. The company's stock had a trading volume of 15,795 shares, compared to its average volume of 126,291. The company has a fifty day moving average of C$54.80 and a two-hundred day moving average of C$53.68. Altus Group has a twelve month low of C$46.36 and a twelve month high of C$62.00. The company has a market cap of C$2.84 billion, a price-to-earnings ratio of 1,067.39, a P/E/G ratio of 0.96 and a beta of 0.82. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91.

Insiders Place Their Bets

In related news, Director Anthony Long sold 3,000 shares of the company's 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 the company's stock in a transaction 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 owned by corporate insiders.

Altus Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid 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 currently 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.