Alaris Royalty Corp. (TSE:AD) – Research analysts at Desjardins upped their FY2018 earnings per share (EPS) estimates for Alaris Royalty in a research note issued to investors on Tuesday, November 6th. Desjardins analyst G. Ho now expects that the company will earn $1.59 per share for the year, up from their prior forecast of $1.46.
A number of other brokerages also recently weighed in on AD. Raymond James boosted their target price on shares of Alaris Royalty from C$18.00 to C$20.00 and gave the stock a “market perform” rating in a report on Tuesday, September 18th. National Bank Financial boosted their target price on shares of Alaris Royalty from C$18.50 to C$22.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. Finally, CIBC boosted their target price on shares of Alaris Royalty from C$18.00 to C$19.00 in a report on Monday, September 17th.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $1.62 dividend on an annualized basis and a yield of 8.98%.
Alaris Royalty Company Profile
Alaris Royalty Corp. is a private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments. The firm does not invest in turnarounds and start-ups. It prefers to invest in the companies based in all industries except for those with a declining asset base, such as oil and gas resource companies, or any industry that carry the risk of obsolescence such as high tech and focuses on business services, professional services, information services, healthcare services, distribution & logistics, industrials, consumer products.
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