$174.04 Million in Sales Expected for Franco Nevada Corp (FNV) This Quarter

Wall Street brokerages forecast that Franco Nevada Corp (NYSE:FNV) (TSE:FNV) will post $174.04 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Franco Nevada’s earnings. The lowest sales estimate is $165.05 million and the highest is $181.08 million. Franco Nevada posted sales of $155.30 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.1%. The firm is scheduled to report its next quarterly earnings results on Wednesday, March 28th.

According to Zacks, analysts expect that Franco Nevada will report full-year sales of $174.04 million for the current year, with estimates ranging from $672.85 million to $688.88 million. For the next financial year, analysts forecast that the firm will post sales of $699.22 million per share, with estimates ranging from $685.73 million to $729.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Franco Nevada.

Franco Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $167.07 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year.

Several analysts have issued reports on the stock. Scotiabank upped their price target on shares of Franco Nevada from $79.50 to $82.00 and gave the stock a “sector perform” rating in a research report on Friday, September 8th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Franco Nevada in a research report on Thursday, September 7th. TD Securities upped their price target on shares of Franco Nevada from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Canaccord Genuity reaffirmed a “buy” rating and set a $121.00 price target on shares of Franco Nevada in a research report on Tuesday, November 7th. Finally, Zacks Investment Research raised shares of Franco Nevada from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Franco Nevada currently has an average rating of “Hold” and an average target price of $85.00.

Institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC raised its position in shares of Franco Nevada by 199.0% in the second quarter. Advisory Services Network LLC now owns 1,504 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 1,001 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Franco Nevada by 453.9% in 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 in the last quarter. Gratus Capital LLC acquired a new position in shares of Franco Nevada in the third quarter valued at about $201,000. Blair William & Co. IL acquired a new position in shares of Franco Nevada in the second quarter valued at about $210,000. Finally, Wright Investors Service Inc. acquired a new position in shares of Franco Nevada in the third quarter valued at about $245,000. 61.42% of the stock is currently owned by institutional investors.

Shares of Franco Nevada (NYSE:FNV) opened at $78.53 on Friday. Franco Nevada has a 1 year low of $60.10 and a 1 year high of $86.06. The stock has a market cap of $14,460.00, a price-to-earnings ratio of 96.95, a price-to-earnings-growth ratio of 17.41 and a beta of -0.14.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Wednesday, December 6th. Franco Nevada’s payout ratio is presently 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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Earnings History and Estimates for Franco Nevada (NYSE:FNV)

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