$0.15 EPS Expected for Wheaton Precious Metals Corp (NYSE:WPM) This Quarter

Share on StockTwits

Wall Street brokerages expect that Wheaton Precious Metals Corp (NYSE:WPM) will post earnings per share (EPS) of $0.15 for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Wheaton Precious Metals’ earnings, with estimates ranging from $0.12 to $0.18. Wheaton Precious Metals posted earnings of $0.08 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 87.5%. The business is expected to issue its next quarterly earnings results on Wednesday, November 13th.

According to Zacks, analysts expect that Wheaton Precious Metals will report full year earnings of $0.54 per share for the current fiscal year, with EPS estimates ranging from $0.47 to $0.59. For the next year, analysts anticipate that the business will report earnings of $0.74 per share, with EPS estimates ranging from $0.54 to $1.20. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Wheaton Precious Metals.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. Wheaton Precious Metals had a negative net margin of 3.33% and a positive return on equity of 3.35%. The business had revenue of $189.47 million during the quarter, compared to analyst estimates of $194.90 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The company’s quarterly revenue was down 10.8% on a year-over-year basis.

WPM has been the subject of a number of analyst reports. Deutsche Bank set a $27.00 target price on shares of Wheaton Precious Metals and gave the company a “buy” rating in a research report on Thursday, July 11th. GMP Securities downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Zacks Investment Research raised shares of Wheaton Precious Metals from a “sell” rating to a “hold” rating in a report on Friday, July 5th. TheStreet downgraded Wheaton Precious Metals from a “b” rating to a “c+” rating in a research report on Friday, August 9th. Finally, Raymond James reiterated an “outperform” rating and set a $29.00 price objective on shares of Wheaton Precious Metals in a report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $31.78.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Intact Investment Management Inc. grew its position in Wheaton Precious Metals by 37.2% during the second quarter. Intact Investment Management Inc. now owns 817,100 shares of the company’s stock valued at $25,780,000 after buying an additional 221,600 shares during the period. Russell Investments Group Ltd. boosted its position in Wheaton Precious Metals by 7.6% during the second quarter. Russell Investments Group Ltd. now owns 1,456,041 shares of the company’s stock worth $35,187,000 after purchasing an additional 103,362 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in Wheaton Precious Metals by 11.5% during the first quarter. Koshinski Asset Management Inc. now owns 13,603 shares of the company’s stock worth $324,000 after purchasing an additional 1,400 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Wheaton Precious Metals by 15.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 45,694 shares of the company’s stock worth $1,088,000 after purchasing an additional 5,949 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in Wheaton Precious Metals in the second quarter valued at approximately $258,000. Hedge funds and other institutional investors own 54.04% of the company’s stock.

Shares of Wheaton Precious Metals stock traded up $0.14 on Friday, reaching $28.02. The stock had a trading volume of 1,791,994 shares, compared to its average volume of 3,100,369. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $12.41 billion, a P/E ratio of 58.36, a P/E/G ratio of 10.50 and a beta of -0.03. The company has a 50 day moving average price of $27.79 and a 200 day moving average price of $23.96. Wheaton Precious Metals has a 1 year low of $15.08 and a 1 year high of $30.90.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.29%. Wheaton Precious Metals’s payout ratio is 75.00%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

Featured Article: Net Margin

Get a free copy of the Zacks research report on Wheaton Precious Metals (WPM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Wheaton Precious Metals (NYSE:WPM)

Receive News & Ratings for Wheaton Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheaton Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Melrose Industries PLC  Receives GBX 245 Consensus Price Target from Analysts
Melrose Industries PLC Receives GBX 245 Consensus Price Target from Analysts
Prospera Financial Services Inc Takes Position in Invesco Trust for Investment GradeMncpls
Prospera Financial Services Inc Takes Position in Invesco Trust for Investment GradeMncpls
VANGUARD SCOTTS/VANGUARD RUSSELL 20  Shares Sold by Private Advisor Group LLC
VANGUARD SCOTTS/VANGUARD RUSSELL 20 Shares Sold by Private Advisor Group LLC
Private Advisor Group LLC Increases Stock Holdings in Invesco BulletShares 2019 Corporate Bond ETF
Private Advisor Group LLC Increases Stock Holdings in Invesco BulletShares 2019 Corporate Bond ETF
Private Advisor Group LLC Cuts Holdings in salesforce.com, inc.
Private Advisor Group LLC Cuts Holdings in salesforce.com, inc.
Private Advisor Group LLC Sells 25,360 Shares of PPL Corp
Private Advisor Group LLC Sells 25,360 Shares of PPL Corp


 
© 2006-2019 Zolmax.