$0.51 Earnings Per Share Expected for Franco Nevada Corp (NYSE:FNV) This Quarter

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.

Several equities analysts recently issued reports on FNV shares. CIBC restated a “buy” rating and set a $143.00 price target on shares of Franco Nevada in a research report on Thursday, October 17th. Canaccord Genuity reaffirmed a “buy” rating on shares of Franco Nevada in a research note on Friday, August 23rd. TD Securities upped their target price on Franco Nevada from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Raymond James set a $108.00 target price on Franco Nevada and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada initiated coverage on Franco Nevada in a research note on Wednesday, December 4th. They set a “hold” rating and a $106.00 target price on the stock. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Franco Nevada presently has an average rating of “Hold” and a consensus target price of $107.09.

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?

Get a free copy of the Zacks research report on Franco Nevada (FNV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Franco Nevada (NYSE:FNV)

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.