Zacks: Analysts Anticipate Silver Wheaton Corp (WPM) Will Announce Quarterly Sales of $229.50 Million
Equities analysts forecast that Silver Wheaton Corp (NYSE:WPM) will announce sales of $229.50 million for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Silver Wheaton Corp’s earnings. The highest sales estimate is $250.00 million and the lowest is $207.45 million. Silver Wheaton Corp reported sales of $233.20 million during the same quarter last year, which suggests a negative year over year growth rate of 1.6%. The company is expected to announce its next earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Silver Wheaton Corp will report full year sales of $229.50 million for the current fiscal year, with estimates ranging from $781.00 million to $940.40 million. For the next fiscal year, analysts forecast that the business will report sales of $917.42 million per share, with estimates ranging from $767.00 million to $1.03 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Silver Wheaton Corp.
Silver Wheaton Corp (NYSE:WPM) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.15 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.15. Silver Wheaton Corp had a return on equity of 5.90% and a net margin of 25.05%. The company had revenue of $200.00 million for the quarter, compared to analyst estimates of $217.81 million. During the same quarter in the previous year, the company earned $0.14 EPS. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year.
Several analysts have issued reports on WPM shares. Zacks Investment Research lowered shares of Silver Wheaton Corp from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. Royal Bank Of Canada set a $27.00 price target on shares of Silver Wheaton Corp and gave the company a “buy” rating in a research note on Monday, August 28th. Deutsche Bank AG restated a “hold” rating and issued a $29.00 price target (down from $31.00) on shares of Silver Wheaton Corp in a research note on Sunday, June 25th. Raymond James Financial, Inc. restated an “outperform” rating and issued a $27.00 price target on shares of Silver Wheaton Corp in a research note on Sunday, June 18th. Finally, BMO Capital Markets restated a “buy” rating and issued a $28.00 price target on shares of Silver Wheaton Corp in a research note on Wednesday, September 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Silver Wheaton Corp presently has a consensus rating of “Buy” and a consensus target price of $27.25.
Shares of Silver Wheaton Corp (NYSE WPM) opened at 19.85 on Friday. The stock has a market cap of $8.77 billion, a price-to-earnings ratio of 39.62 and a beta of 0.33. The firm has a 50-day moving average price of $19.84 and a 200-day moving average price of $20.10. Silver Wheaton Corp has a one year low of $16.94 and a one year high of $29.53.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Wednesday, August 23rd. This is a positive change from Silver Wheaton Corp’s previous quarterly dividend of $0.07. Silver Wheaton Corp’s dividend payout ratio (DPR) is 80.00%.
Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in Silver Wheaton Corp in the 2nd quarter valued at $146,000. Integrated Investment Consultants LLC acquired a new stake in Silver Wheaton Corp in the 2nd quarter valued at $159,000. First Manhattan Co. acquired a new stake in Silver Wheaton Corp in the 2nd quarter valued at $236,000. Atlantic Trust Group LLC acquired a new stake in Silver Wheaton Corp in the 2nd quarter valued at $238,000. Finally, IFP Advisors Inc acquired a new stake in Silver Wheaton Corp in the 2nd quarter valued at $393,000. Hedge funds and other institutional investors own 48.10% of the company’s stock.
About Silver Wheaton Corp
Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.
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