Altus Group (TSE:AIF) Posts Quarterly Earnings Results

by · The Cerbat Gem

Altus Group (TSE:AIF – Get Free Report) issued its quarterly earnings results on Thursday. The company reported C$0.42 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$108.24 million during the quarter. Altus Group had a return on equity of 49.43% and a net margin of 69.98%.

Here are the key takeaways from Altus Group’s conference call:

  • ARGUS Assist launched as a purpose-built, valuation-grade AI inside ARGUS Intelligence; ~30% of customers who attended Altus Connect are onboarding and the company is accelerating platform consolidation of standalone products to be completed by early 2027.
  • Q1 showed steady recurring revenue strength (software up ~12%, ARR growth ~11%) and management raised full‑year revenue guidance to 5%–7% while increasing expected adjusted EBITDA margin expansion by 100 bps to 450–550 bps, targeting a Rule‑of‑40 exit in 2027.
  • Portfolio simplification and capital returns continue: Altus has sold non‑core businesses, expects to exit Development Advisory by year‑end, and has returned ~CAD 400 million to shareholders year‑to‑date, reducing share count by ~18%.
  • The data & services lines came in softer and require additional investment (Reonomy, Altus Data Studio), and the April sale of one eleven creates roughly a ~1 percentage‑point headwind to reported comparatives while the investments take time to drive growth.

Altus Group Stock Down 0.7%

Shares of TSE:AIF opened at C$44.56 on Friday. The business’s 50 day simple moving average is C$47.03 and its two-hundred day simple moving average is C$50.16. The firm has a market cap of C$1.60 billion, a P/E ratio of 5.27, a PEG ratio of 0.96 and a beta of 0.64. The company has a debt-to-equity ratio of 48.84, a quick ratio of 1.30 and a current ratio of 1.03. Altus Group has a 52-week low of C$36.97 and a 52-week high of C$63.07.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Altus Group from C$48.00 to C$54.00 in a research note on Thursday, April 16th. TD Securities decreased their price target on Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Royal Bank Of Canada cut their target price on Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating on the stock in a research report on Friday, February 20th. Finally, ATB Cormark Capital Markets upped their target price on Altus Group from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$56.50.

Get Our Latest Report on Altus Group

Altus Group Company Profile

(Get Free Report)

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. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.

Featured Stories