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.
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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