Brokerages expect that Franco Nevada Corp (NYSE:FNV) (TSE:FNV) will announce $0.51 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Franco Nevada’s earnings, with estimates ranging from $0.47 to $0.53. Franco Nevada reported earnings of $0.24 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 112.5%. The firm is expected to announce its next earnings results on Tuesday, March 17th.
According to Zacks, analysts expect that Franco Nevada will report full-year earnings of $1.70 per share for the current financial year, with EPS estimates ranging from $1.54 to $1.76. For the next fiscal year, analysts forecast that the business will report earnings of $2.13 per share, with EPS estimates ranging from $1.94 to $2.38. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Franco Nevada.
Franco Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Monday, November 11th. The basic materials company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. Franco Nevada had a net margin of 27.17% and a return on equity of 5.78%. The firm had revenue of $235.70 million during the quarter, compared to the consensus estimate of $223.73 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company’s revenue was up 38.2% compared to the same quarter last year.
Large investors have recently bought and sold shares of the company. B & T Capital Management DBA Alpha Capital Management acquired a new stake in shares of Franco Nevada in the 3rd quarter valued at approximately $32,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Franco Nevada in the 2nd quarter valued at $51,000. Flagship Harbor Advisors LLC raised its stake in shares of Franco Nevada by 316.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 703 shares of the basic materials company’s stock valued at $64,000 after buying an additional 534 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Franco Nevada by 125.5% in the 3rd quarter. Parallel Advisors LLC now owns 868 shares of the basic materials company’s stock valued at $79,000 after buying an additional 483 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Franco Nevada in the 2nd quarter worth about $85,000. Hedge funds and other institutional investors own 63.54% of the company’s stock.
Franco Nevada stock traded up $1.04 during midday trading on Tuesday, reaching $98.65. The company’s stock had a trading volume of 31,910 shares, compared to its average volume of 489,673. Franco Nevada has a 52 week low of $67.97 and a 52 week high of $101.20. The company has a current ratio of 6.37, a quick ratio of 6.37 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $97.13 and a 200-day moving average price of $90.96. The stock has a market cap of $18.58 billion, a PE ratio of 84.34, a price-to-earnings-growth ratio of 14.49 and a beta of -0.02.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, December 4th. Franco Nevada’s dividend payout ratio (DPR) is presently 85.47%.
Franco Nevada Company Profile
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.
Featured Story: What are the disadvantages of after-hours trading?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Franco Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco Nevada and related companies with MarketBeat.com's FREE daily email newsletter.