Desjardins Comments on Franco Nevada Corp’s FY2017 Earnings (FNV)
Franco Nevada Corp (NYSE:FNV) (TSE:FNV) – Equities research analysts at Desjardins issued their FY2017 earnings per share estimates for Franco Nevada in a research note issued to investors on Monday. Desjardins analyst J. Wolfson forecasts that the basic materials company will earn $1.10 per share for the year. Desjardins currently has a “Sell” rating on the stock. Desjardins also issued estimates for Franco Nevada’s Q4 2017 earnings at $0.29 EPS, Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $1.11 EPS, Q1 2019 earnings at $0.27 EPS, Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.31 EPS, FY2019 earnings at $1.19 EPS and FY2020 earnings at $1.37 EPS.
Franco Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Monday, November 6th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.03. Franco Nevada had a net margin of 22.12% and a return on equity of 4.31%. The firm had revenue of $171.50 million for the quarter, compared to analysts’ expectations of $167.07 million. During the same quarter last year, the company posted $0.30 earnings per share. Franco Nevada’s revenue was down .3% on a year-over-year basis.
Franco Nevada (FNV) opened at $75.54 on Wednesday. Franco Nevada has a twelve month low of $53.31 and a twelve month high of $86.06. The stock has a market cap of $14,182.17, a PE ratio of 73.42, a price-to-earnings-growth ratio of 17.87 and a beta of -0.14.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.22%. Franco Nevada’s dividend payout ratio (DPR) is presently 116.46%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its stake in shares of Franco Nevada by 199.0% during the second quarter. Advisory Services Network LLC now owns 1,504 shares of the basic materials company’s stock valued at $109,000 after acquiring an additional 1,001 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Franco Nevada by 453.9% during the third quarter. Advisors Asset Management Inc. now owns 1,922 shares of the basic materials company’s stock valued at $149,000 after acquiring an additional 1,575 shares during the period. Gratus Capital LLC acquired a new position in shares of Franco Nevada during the third quarter valued at approximately $201,000. Blair William & Co. IL acquired a new position in shares of Franco Nevada during the second quarter valued at approximately $210,000. Finally, Wright Investors Service Inc. acquired a new position in shares of Franco Nevada during the third quarter valued at approximately $245,000. 61.48% of the stock is currently owned by institutional investors.
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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.
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