What is Cormark's Forecast for Altus Group Q2 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) - Cormark raised their Q2 2026 earnings estimates for shares of Altus Group in a research report issued to clients and investors on Wednesday, August 13th. Cormark analyst G. Fairweather now expects that the company will post earnings of $0.59 per share for the quarter, up from their previous forecast 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 research reports. BMO Capital Markets lifted their target price on Altus Group from C$60.00 to C$62.00 in a research report on Thursday, May 22nd. National Bank Financial raised Altus Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 12th. Scotiabank boosted 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 report on Friday, August 8th. National Bankshares raised shares of Altus Group from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from C$60.00 to C$74.00 in a research note on Wednesday, August 13th. Finally, Royal Bank Of Canada dropped their price target on shares of Altus Group from C$62.00 to C$58.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$60.20.

Altus Group Trading Down 0.6%

Shares of AIF stock traded down C$0.37 during trading on Friday, hitting C$60.89. 143,668 shares of the stock traded hands, compared to its average volume of 127,420. The firm has a market capitalization of C$2.83 billion, a P/E ratio of 1,065.46, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. Altus Group has a 52-week low of C$46.36 and a 52-week high of C$62.00. 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's fifty day moving average price is C$54.97 and its 200-day moving average price is C$53.73.

Altus Group Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 1.0%. Altus Group's dividend payout ratio (DPR) is 1,049.89%.

Insiders Place Their Bets

In other news, Senior Officer Kimberly Carter sold 725 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$55.00, for a total transaction of C$39,875.00. Company insiders own 4.05% of the company's stock.

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.