Diversified Royalty (TSE:DIV – Get Free Report) will announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of C$0.04 per share for the quarter.
Diversified Royalty (TSE:DIV – Get Free Report) last announced its quarterly earnings data on Thursday, March 21st. The company reported C$0.06 EPS for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.01. Diversified Royalty had a net margin of 56.15% and a return on equity of 13.46%. The firm had revenue of C$16.39 million for the quarter, compared to the consensus estimate of C$16.84 million.
Diversified Royalty Stock Up 0.4 %
DIV stock opened at C$2.86 on Wednesday. The company has a 50 day moving average of C$2.85 and a two-hundred day moving average of C$2.74. The company has a market cap of C$470.93 million, a price-to-earnings ratio of 13.00 and a beta of 1.58. Diversified Royalty has a 12-month low of C$2.35 and a 12-month high of C$3.07. The company has a quick ratio of 1.74, a current ratio of 0.69 and a debt-to-equity ratio of 128.77.
Diversified Royalty Dividend Announcement
Analyst Ratings Changes
DIV has been the topic of several research reports. Raymond James set a C$3.40 target price on Diversified Royalty and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Cormark dropped their price objective on Diversified Royalty from C$4.25 to C$4.00 in a report on Monday, February 26th.
About Diversified Royalty
Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks.
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