$174.04 Million in Sales Expected for Franco Nevada Corp (FNV) This Quarter
Analysts forecast that Franco Nevada Corp (NYSE:FNV) (TSE:FNV) will announce sales of $174.04 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Franco Nevada’s earnings, with the highest sales estimate coming in at $181.08 million and the lowest estimate coming in at $165.05 million. Franco Nevada posted sales of $155.30 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.1%. The firm is expected to issue its next earnings report on Wednesday, March 28th.
On average, analysts expect that Franco Nevada will report full year sales of $174.04 million for the current financial year, with estimates ranging from $672.85 million to $735.00 million. For the next financial year, analysts expect that the firm will report sales of $725.22 million per share, with estimates ranging from $685.73 million to $791.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Franco Nevada.
Franco Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Monday, November 6th. The basic materials company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. Franco Nevada had a return on equity of 4.31% and a net margin of 22.12%. The business had revenue of $171.50 million during the quarter, compared to the consensus estimate of $167.07 million. During the same period last year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was down .3% compared to the same quarter last year.
Hedge funds have recently added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Franco Nevada by 3.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,900 shares of the basic materials company’s stock valued at $1,550,000 after acquiring an additional 800 shares in the last quarter. Vanguard Group Inc. grew its stake in Franco Nevada by 3.6% in the second quarter. Vanguard Group Inc. now owns 4,221,772 shares of the basic materials company’s stock valued at $304,643,000 after purchasing an additional 145,698 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in Franco Nevada in the third quarter valued at about $2,065,000. Sentry Investments Corp. purchased a new position in Franco Nevada in the second quarter valued at about $6,803,000. Finally, Kingfisher Capital LLC grew its stake in Franco Nevada by 5.2% in the second quarter. Kingfisher Capital LLC now owns 37,826 shares of the basic materials company’s stock valued at $2,730,000 after purchasing an additional 1,862 shares during the last quarter. Hedge funds and other institutional investors own 61.48% of the company’s stock.
Franco Nevada (FNV) traded down $0.53 during trading hours on Friday, hitting $80.65. The stock had a trading volume of 859,691 shares, compared to its average volume of 536,498. Franco Nevada has a fifty-two week low of $53.31 and a fifty-two week high of $86.06. The company has a market capitalization of $15,070.00, a P/E ratio of 78.03, a price-to-earnings-growth ratio of 19.14 and a beta of -0.14.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.92 annualized dividend and a dividend yield of 1.14%. Franco Nevada’s payout ratio is currently 113.58%.
COPYRIGHT VIOLATION NOTICE: This report was published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/12/02/174-04-million-in-sales-expected-for-franco-nevada-corp-fnv-this-quarter.html.
Franco Nevada Company Profile
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Franco Nevada Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco Nevada Corp and related companies with MarketBeat.com's FREE daily email newsletter.