Freehold Royalties (FRHLF) Expected to Announce Earnings on Tuesday

Freehold Royalties (OTCMKTS:FRHLF) will likely be releasing its results after the market closes on Tuesday, May 12th. Analysts expect Freehold Royalties to post earnings of $0.1294 per share and revenue of $52.0440 million for the quarter.

Freehold Royalties (OTCMKTS:FRHLF) last released its earnings results on Wednesday, March 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). Freehold Royalties had a return on equity of 8.79% and a net margin of 29.19%.The firm had revenue of $50.83 million during the quarter.

Freehold Royalties Stock Performance

OTCMKTS FRHLF traded up $0.13 on Tuesday, reaching $13.20. 18,098 shares of the stock were exchanged, compared to its average volume of 109,795. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.28. Freehold Royalties has a one year low of $8.05 and a one year high of $13.58. The firm has a market capitalization of $2.16 billion and a PE ratio of 33.00. The company’s 50-day simple moving average is $12.65 and its two-hundred day simple moving average is $11.58.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FRHLF shares. Canadian Imperial Bank of Commerce raised shares of Freehold Royalties to a “hold” rating in a research note on Thursday, March 12th. National Bank Financial cut Freehold Royalties from an “outperform” rating to a “sector perform” rating in a report on Friday, January 9th. Desjardins upgraded Freehold Royalties to a “hold” rating in a research report on Friday, March 13th. Raymond James Financial cut Freehold Royalties from a “moderate buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Royal Bank Of Canada raised Freehold Royalties to a “hold” rating in a report on Monday, April 13th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

About Freehold Royalties

Freehold Royalties Ltd is a Canadian energy company focused on the acquisition and management of petroleum and natural gas royalty interests. Rather than directly exploring or producing hydrocarbons, Freehold earns a portion of production revenue from wells operated by third parties. The company’s portfolio spans a variety of royalty structures, including freehold and other non-operated interests, which provide exposure to oil, natural gas and natural gas liquids without bearing the full costs and risks of exploration and development.

Freehold’s assets are concentrated in the Western Canadian Sedimentary Basin, with significant royalty interests in Alberta and British Columbia.