Equities analysts predict that Wheaton Precious Metals Corp (NYSE:WPM) will announce earnings per share (EPS) of $0.15 for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Wheaton Precious Metals’ earnings, with estimates ranging from $0.12 to $0.18. Wheaton Precious Metals reported earnings of $0.08 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 87.5%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 13th.
On average, analysts expect that Wheaton Precious Metals will report full year earnings of $0.54 per share for the current financial year, with EPS estimates ranging from $0.47 to $0.59. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.74 per share, with EPS estimates ranging from $0.54 to $1.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Wheaton Precious Metals.
Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, August 8th. The company reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The company had revenue of $189.47 million for the quarter, compared to analyst estimates of $194.90 million. Wheaton Precious Metals had a negative net margin of 3.33% and a positive return on equity of 3.35%. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS.
Institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Wheaton Precious Metals by 39.2% in the second quarter. Signaturefd LLC now owns 1,758 shares of the company’s stock valued at $43,000 after acquiring an additional 495 shares in the last quarter. Assetmark Inc. lifted its position in shares of Wheaton Precious Metals by 135.8% in the 2nd quarter. Assetmark Inc. now owns 2,014 shares of the company’s stock worth $49,000 after purchasing an additional 1,160 shares during the period. NEXT Financial Group Inc lifted its position in shares of Wheaton Precious Metals by 67.0% in the 2nd quarter. NEXT Financial Group Inc now owns 2,263 shares of the company’s stock worth $55,000 after purchasing an additional 908 shares during the period. Willingdon Wealth Management bought a new stake in shares of Wheaton Precious Metals during the 1st quarter valued at about $61,000. Finally, Huntington National Bank boosted its stake in shares of Wheaton Precious Metals by 318.3% during the 2nd quarter. Huntington National Bank now owns 2,773 shares of the company’s stock valued at $67,000 after purchasing an additional 2,110 shares in the last quarter. 54.04% of the stock is currently owned by hedge funds and other institutional investors.
WPM traded up $0.14 on Friday, hitting $28.02. 1,791,994 shares of the company were exchanged, compared to its average volume of 3,100,369. The firm has a fifty day simple moving average of $27.79 and a two-hundred day simple moving average of $23.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.65 and a current ratio of 3.65. Wheaton Precious Metals has a 12 month low of $15.08 and a 12 month high of $30.90. The stock has a market capitalization of $12.41 billion, a PE ratio of 58.36, a price-to-earnings-growth ratio of 10.50 and a beta of -0.03.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 23rd were given a $0.09 dividend. The ex-dividend date 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 dividend payout ratio is currently 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.
Further Reading: How is inflation measured?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.