Brokerages expect Franco Nevada Corp (NYSE:FNV) (TSE:FNV) to report $0.28 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Franco Nevada’s earnings. The highest EPS estimate is $0.29 and the lowest is $0.26. Franco Nevada posted earnings of $0.24 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.7%. The firm is scheduled to issue its next earnings report on Wednesday, March 28th.

On average, analysts expect that Franco Nevada will report full-year earnings of $1.07 per share for the current financial year, with EPS estimates ranging from $1.02 to $1.10. For the next year, analysts expect that the business will post earnings of $1.14 per share, with EPS estimates ranging from $1.11 to $1.21. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Franco Nevada.

Franco Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $167.07 million. During the same period last year, the business earned $0.30 earnings per share. Franco Nevada’s revenue was down .3% compared to the same quarter last year.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Franco Nevada from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Scotiabank lifted their price target on shares of Franco Nevada from $79.50 to $82.00 and gave the company a “sector perform” rating in a research report on Friday, September 8th. Credit Suisse Group cut shares of Franco Nevada from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $78.00 to $80.00 in a research report on Monday, September 25th. Canaccord Genuity reiterated a “buy” rating and set a $121.00 price target on shares of Franco Nevada in a research report on Tuesday, November 7th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $100.00 price target on shares of Franco Nevada in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Franco Nevada currently has an average rating of “Hold” and an average price target of $85.00.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Crossmark Global Holdings Inc. purchased a new position in shares of Franco Nevada in the third quarter valued at approximately $2,065,000. Vanguard Group Inc. boosted its stake in shares of 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 period. JPMorgan Chase & Co. boosted its stake in shares of Franco Nevada by 1.5% in the third quarter. JPMorgan Chase & Co. now owns 946,879 shares of the basic materials company’s stock valued at $74,444,000 after purchasing an additional 14,357 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Franco Nevada by 6.1% in the third quarter. CIBC Asset Management Inc now owns 2,087,452 shares of the basic materials company’s stock valued at $161,281,000 after purchasing an additional 120,925 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Franco Nevada by 17.1% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,007 shares of the basic materials company’s stock valued at $1,008,000 after purchasing an additional 1,900 shares during the period. 61.42% of the stock is owned by institutional investors and hedge funds.

Franco Nevada (NYSE:FNV) traded down $1.66 during trading on Wednesday, reaching $77.85. 1,000,554 shares of the company traded hands, compared to its average volume of 764,850. Franco Nevada has a 52-week low of $60.10 and a 52-week high of $86.06. The firm has a market capitalization of $14,770.00, a PE ratio of 96.11, a P/E/G ratio of 17.51 and a beta of -0.14.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, December 6th. Franco Nevada’s payout ratio is 113.58%.

TRADEMARK VIOLATION WARNING: “Franco Nevada Corp (FNV) Expected to Announce Earnings of $0.28 Per Share” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/01/03/franco-nevada-corp-fnv-expected-to-announce-earnings-of-0-28-per-share.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.

Get a free copy of the Zacks research report on Franco Nevada (FNV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Franco Nevada (NYSE:FNV)

Receive News & Ratings for Franco Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco Nevada and related companies with MarketBeat.com's FREE daily email newsletter.