Wall Street analysts forecast that Franco Nevada Corp (NYSE:FNV) (TSE:FNV) will report earnings per share of $0.20 for the current quarter, according to Zacks. Three analysts have made estimates for Franco Nevada Corp’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.12. Franco Nevada Corp reported earnings per share of $0.17 in the same quarter last year, which suggests a positive year over year growth rate of 17.6%. The company is expected to announce its next earnings report after the market closes on Tuesday, May 9th.
According to Zacks, analysts expect that Franco Nevada Corp will report full-year earnings of $0.91 per share for the current year, with EPS estimates ranging from $0.77 to $1.02. For the next fiscal year, analysts expect that the firm will post earnings of $1.05 per share, with EPS estimates ranging from $0.93 to $1.18. Zacks’ EPS averages are an average based on a survey of analysts that cover Franco Nevada Corp.
Franco Nevada Corp (NYSE:FNV) last released its quarterly earnings data on Wednesday, March 22nd. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. Franco Nevada Corp had a net margin of 16.54% and a return on equity of 3.71%. The firm earned $155.30 million during the quarter, compared to analysts’ expectations of $154.03 million. During the same period in the previous year, the company earned $0.15 earnings per share. The firm’s quarterly revenue was up 28.0% on a year-over-year basis.
FNV has been the topic of several analyst reports. Deutsche Bank AG downgraded Franco Nevada Corp from a “buy” rating to a “hold” rating and dropped their target price for the company from $74.00 to $66.00 in a report on Tuesday, December 20th. Zacks Investment Research downgraded Franco Nevada Corp from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th. Barclays PLC reiterated a “hold” rating and set a $65.00 target price on shares of Franco Nevada Corp in a report on Wednesday, January 11th. Credit Suisse Group AG upgraded Franco Nevada Corp from a “neutral” rating to an “outperform” rating and set a $79.00 target price on the stock in a report on Friday, January 13th. Finally, Goldman Sachs Group Inc upgraded Franco Nevada Corp from a “sell” rating to a “neutral” rating and set a $60.00 price objective for the company in a research note on Wednesday, February 8th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $79.55.
Franco Nevada Corp (NYSE:FNV) traded down 0.84% on Thursday, hitting $69.33. 737,419 shares of the stock traded hands. The company has a market capitalization of $12.37 billion, a PE ratio of 100.48 and a beta of 0.08. Franco Nevada Corp has a 12 month low of $53.31 and a 12 month high of $81.16. The firm has a 50-day moving average price of $64.85 and a 200-day moving average price of $63.33.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 30th. Investors of record on Thursday, March 16th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, March 14th. This represents a $0.88 dividend on an annualized basis and a yield of 1.27%. Franco Nevada Corp’s dividend payout ratio is currently 169.23%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA raised its position in Franco Nevada Corp by 137.5% in the third quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock worth $133,000 after buying an additional 1,100 shares in the last quarter. Smith Affiliated Capital Corp. bought a new position in Franco Nevada Corp during the third quarter worth about $174,000. Envestnet Asset Management Inc. raised its position in Franco Nevada Corp by 224.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,353 shares of the company’s stock worth $199,000 after buying an additional 2,320 shares in the last quarter. Orinda Asset Management LLC raised its position in Franco Nevada Corp by 81.4% in the third quarter. Orinda Asset Management LLC now owns 3,405 shares of the company’s stock worth $238,000 after buying an additional 1,528 shares in the last quarter. Finally, Hunter Associates Investment Management LLC bought a new position in Franco Nevada Corp during the fourth quarter worth about $233,000. Institutional investors and hedge funds own 65.32% of the company’s stock.
Franco Nevada Corp Company Profile
Franco-Nevada Corp (Franco-Nevada) is a Canada-based gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. It operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.
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