Franco Nevada Corp (FNV) Expected to Announce Earnings of $0.28 Per Share
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.
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%.
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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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