Sprott (NYSE:SII) Announces Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Sprott (NYSE:SII) posted its earnings results on Wednesday. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.12, Zacks reports. Sprott had a net margin of 27.38% and a return on equity of 15.02%. The firm had revenue of $36.80 million during the quarter, compared to analyst estimates of $38.45 million.

Sprott Price Performance

Sprott stock opened at $43.70 on Thursday. Sprott has a 12-month low of $34.51 and a 12-month high of $48.00. The stock has a market cap of $1.13 billion, a P/E ratio of 24.01 and a beta of 1.08. The company has a 50-day moving average price of $42.69 and a 200 day moving average price of $43.01. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06.

Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Monday, March 10th. Sprott’s dividend payout ratio (DPR) is currently 65.93%.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group started coverage on shares of Sprott in a report on Tuesday, January 21st. They set a “buy” rating on the stock.

Sprott Company Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.