FY2018 EPS Estimates for Alaris Royalty Corp. Cut by Analyst (AD)

Alaris Royalty Corp. (TSE:AD) – Equities researchers at Cormark lowered their FY2018 earnings per share estimates for shares of Alaris Royalty in a research report issued on Thursday, May 17th. Cormark analyst J. Fenwick now expects that the company will post earnings per share of $1.54 for the year, down from their previous estimate of $1.60. Cormark also issued estimates for Alaris Royalty’s FY2019 earnings at $1.78 EPS.

Alaris Royalty (TSE:AD) last announced its earnings results on Monday, March 5th. The company reported C$0.31 earnings per share (EPS) for the quarter. The company had revenue of C$21.64 million for the quarter. Alaris Royalty had a negative net margin of 42.91% and a negative return on equity of 14.19%.

Several other brokerages have also recently weighed in on AD. Raymond James lowered their price target on shares of Alaris Royalty from C$20.00 to C$18.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 9th. Desjardins upgraded shares of Alaris Royalty from a “hold” rating to a “buy” rating in a report on Tuesday, April 17th. Scotiabank lowered shares of Alaris Royalty from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$22.00 to C$17.50 in a report on Wednesday, May 9th. CIBC reduced their price objective on shares of Alaris Royalty from C$21.00 to C$18.00 in a report on Wednesday, May 9th. Finally, National Bank Financial reduced their price objective on shares of Alaris Royalty to C$20.00 and set an “outperform” rating on the stock in a report on Tuesday, May 8th.

Shares of Alaris Royalty opened at C$15.95 on Friday, MarketBeat Ratings reports. Alaris Royalty has a twelve month low of C$15.30 and a twelve month high of C$23.45.

About Alaris Royalty

Alaris Royalty Corp. is a Canada-based company providing capital to private businesses (individually, a Private Company Partner and collectively the Partners). The Company’s operations consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, or long-term license and royalty arrangements.

Earnings History and Estimates for Alaris Royalty (TSE:AD)

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