$224.48 Million in Sales Expected for Silver Wheaton Corp (WPM) This Quarter
Wall Street brokerages forecast that Silver Wheaton Corp (NYSE:WPM) will announce $224.48 million in sales for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Silver Wheaton Corp’s earnings. The highest sales estimate is $245.32 million and the lowest is $202.92 million. Silver Wheaton Corp reported sales of $258.00 million in the same quarter last year, which would suggest a negative year over year growth rate of 13%. The firm is scheduled to report its next earnings report on Tuesday, March 20th.
On average, analysts expect that Silver Wheaton Corp will report full year sales of $224.48 million for the current financial year, with estimates ranging from $803.35 million to $904.40 million. For the next fiscal year, analysts anticipate that the business will report sales of $904.47 million per share, with estimates ranging from $801.32 million to $1.03 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Silver Wheaton Corp.
Silver Wheaton Corp (NYSE:WPM) last announced its earnings results on Thursday, November 9th. The company reported $0.15 EPS for the quarter, hitting 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 $203.00 million for the quarter, compared to analysts’ expectations of $220.84 million. Silver Wheaton Corp’s quarterly revenue was down 13.0% on a year-over-year basis.
WPM has been the topic of a number of recent research reports. Zacks Investment Research raised Silver Wheaton Corp from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Royal Bank Of Canada set a $27.00 price target on Silver Wheaton Corp and gave the stock a “buy” rating in a research note on Monday, August 28th. TD Securities set a $28.00 price target on Silver Wheaton Corp and gave the stock a “buy” rating in a research note on Friday, October 20th. BMO Capital Markets reiterated a “buy” rating and issued a $28.00 price target on shares of Silver Wheaton Corp in a research note on Wednesday, September 6th. Finally, TheStreet upgraded Silver Wheaton Corp from a “c+” rating to a “b-” rating in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $27.40.
A number of hedge funds have recently modified their holdings of the business. Swiss National Bank purchased a new stake in Silver Wheaton Corp in the 2nd quarter worth $79,348,000. Russell Investments Group Ltd. increased its stake in Silver Wheaton Corp by 31.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,283,499 shares of the company’s stock worth $24,502,000 after buying an additional 307,951 shares in the last quarter. Intact Investment Management Inc. purchased a new stake in Silver Wheaton Corp in the 2nd quarter worth $20,082,000. State of Tennessee Treasury Department purchased a new stake in Silver Wheaton Corp in the 2nd quarter worth $7,911,000. Finally, JPMorgan Chase & Co. purchased a new stake in Silver Wheaton Corp in the 2nd quarter worth $4,600,000. Institutional investors and hedge funds own 48.22% of the company’s stock.
Silver Wheaton Corp (WPM) opened at $20.14 on Friday. Silver Wheaton Corp has a twelve month low of $16.94 and a twelve month high of $23.06. The company has a market capitalization of $9,352.83, a price-to-earnings ratio of 31.58, a P/E/G ratio of 6.96 and a beta of 0.31. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.19.
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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