Franco-Nevada (FNV) Set to Announce Quarterly Earnings on Wednesday

Franco-Nevada (NYSE:FNV) (TSE:FNV) will issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.68 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Tuesday, March 5th. The basic materials company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.10. Franco-Nevada had a negative net margin of 38.26% and a positive return on equity of 10.61%. The business had revenue of $303.30 million for the quarter. On average, analysts expect Franco-Nevada to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Franco-Nevada Price Performance

Shares of NYSE:FNV opened at $119.38 on Wednesday. The company has a market capitalization of $22.96 billion, a P/E ratio of -49.13, a P/E/G ratio of 6.66 and a beta of 0.71. Franco-Nevada has a 1-year low of $102.29 and a 1-year high of $161.25. The firm’s 50 day simple moving average is $114.55 and its two-hundred day simple moving average is $115.81.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.36 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 annualized dividend and a dividend yield of 1.21%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.34. Franco-Nevada’s dividend payout ratio (DPR) is presently -55.97%.

Wall Street Analyst Weigh In

FNV has been the topic of several recent analyst reports. TheStreet cut shares of Franco-Nevada from a “c+” rating to a “d+” rating in a research report on Tuesday, March 5th. Bank of America reduced their price objective on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Raymond James lifted their price objective on shares of Franco-Nevada from $138.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Scotiabank lifted their price objective on shares of Franco-Nevada from $139.00 to $140.00 and gave the company a “sector perform” rating in a research report on Thursday, April 18th. Finally, Jefferies Financial Group boosted their price target on shares of Franco-Nevada from $117.00 to $129.00 and gave the stock a “hold” rating in a research report on Monday. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $148.60.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.