Wall Street brokerages expect that Franco Nevada Corp (NYSE:FNV) (TSE:FNV) will report earnings per share of $0.44 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Franco Nevada’s earnings, with estimates ranging from $0.38 to $0.51. Franco Nevada reported earnings per share of $0.29 in the same quarter last year, which would suggest a positive year over year growth rate of 51.7%. The company is expected to report its next earnings report on Monday, November 4th.
On average, analysts expect that Franco Nevada will report full-year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.40 to $1.74. For the next year, analysts anticipate that the company will post earnings of $1.86 per share, with EPS estimates ranging from $1.58 to $2.28. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Franco Nevada.
Franco Nevada (NYSE:FNV) (TSE:FNV) last posted its earnings results on Wednesday, August 7th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Franco Nevada had a return on equity of 4.83% and a net margin of 22.42%. The firm had revenue of $170.50 million for the quarter, compared to analyst estimates of $175.55 million. During the same quarter in the prior year, the company earned $0.29 EPS. Franco Nevada’s revenue was up 5.7% on a year-over-year basis.
FNV has been the topic of a number of recent research reports. TD Securities upped their target price on Franco Nevada from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 9th. ValuEngine lowered Franco Nevada from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Credit Suisse Group upped their target price on Franco Nevada from $84.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Canaccord Genuity reissued a “buy” rating on shares of Franco Nevada in a research note on Friday, August 23rd. Finally, Royal Bank of Canada lowered Franco Nevada from an “outperform” rating to a “sector perform” rating and set a $75.54 price target on the stock. in a research note on Wednesday, May 22nd. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Franco Nevada has an average rating of “Hold” and a consensus target price of $98.65.
FNV stock traded down $0.26 on Monday, reaching $93.17. The company had a trading volume of 58,486 shares, compared to its average volume of 559,769. Franco Nevada has a 1 year low of $58.66 and a 1 year high of $101.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.67 and a current ratio of 2.67. The company’s fifty day moving average is $93.94 and its 200 day moving average is $81.47. The company has a market cap of $17.72 billion, a P/E ratio of 80.36, a PEG ratio of 14.97 and a beta of 0.03.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.439 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Wednesday, September 11th. This is a positive change from Franco Nevada’s previous quarterly dividend of $0.25. Franco Nevada’s dividend payout ratio is currently 85.47%.
Institutional investors have recently modified their holdings of the business. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Franco Nevada during the 2nd quarter worth $51,000. Quadrant Capital Group LLC increased its holdings in shares of Franco Nevada by 83.0% during the 1st quarter. Quadrant Capital Group LLC now owns 745 shares of the basic materials company’s stock worth $55,000 after buying an additional 338 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Franco Nevada by 20.6% during the 1st quarter. Advisory Services Network LLC now owns 879 shares of the basic materials company’s stock worth $66,000 after buying an additional 150 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in shares of Franco Nevada by 24.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,025 shares of the basic materials company’s stock worth $84,000 after buying an additional 200 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Franco Nevada during the 2nd quarter worth $85,000. 64.55% of the stock is currently owned by institutional investors.
About Franco Nevada
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.
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