Zacks: Analysts Anticipate Franco Nevada Corp (FNV) Will Post Earnings of $0.29 Per Share

Wall Street brokerages expect Franco Nevada Corp (NYSE:FNV) (TSE:FNV) to announce $0.29 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Franco Nevada’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.32. Franco Nevada reported earnings of $0.24 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 20.8%. The business is expected to announce its next quarterly 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 year, with EPS estimates ranging from $1.02 to $1.12. For the next financial year, analysts forecast that the firm will report 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 sell-side research analysts that follow Franco Nevada.

Franco Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $171.50 million during the quarter, compared to the consensus estimate of $167.07 million. Franco Nevada had a net margin of 22.12% and a return on equity of 4.31%. The company’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 earnings per share.

A number of research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Franco Nevada from a “buy” rating to a “hold” rating in a research report on Thursday. Canaccord Genuity reiterated a “buy” rating and issued a $121.00 price objective on shares of Franco Nevada in a research report on Tuesday, November 7th. Scotiabank upped their price objective on shares of Franco Nevada from $82.50 to $85.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 7th. TD Securities upped their price objective 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. Finally, Desjardins reiterated a “sell” rating on shares of Franco Nevada in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Franco Nevada currently has a consensus rating of “Hold” and an average price target of $85.10.

Shares of Franco Nevada (NYSE:FNV) traded down $0.37 during trading on Friday, hitting $78.26. 540,111 shares of the company’s stock were exchanged, compared to its average volume of 458,124. The firm has a market capitalization of $14,603.77, a P/E ratio of 99.06, a P/E/G ratio of 17.24 and a beta of -0.14. Franco Nevada has a 1-year low of $60.10 and a 1-year high of $86.06.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Thursday, December 7th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 6th. This represents a $0.92 annualized dividend and a dividend yield of 1.18%. 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 stock. Segall Bryant & Hamill LLC raised its position in shares of Franco Nevada by 0.3% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 231,567 shares of the basic materials company’s stock worth $17,942,000 after purchasing an additional 650 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Franco Nevada by 2.5% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 28,600 shares of the basic materials company’s stock valued at $1,772,000 after acquiring an additional 700 shares during the last quarter. Comerica Bank raised its holdings in Franco Nevada by 3.5% in the 3rd quarter. Comerica Bank now owns 21,380 shares of the basic materials company’s stock valued at $1,709,000 after acquiring an additional 731 shares during the last quarter. Hexavest Inc. raised its holdings in Franco Nevada by 9.3% in the 4th quarter. Hexavest Inc. now owns 8,648 shares of the basic materials company’s stock valued at $692,000 after acquiring an additional 733 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in Franco Nevada by 11.7% in the 2nd quarter. Stifel Financial Corp now owns 8,232 shares of the basic materials company’s stock valued at $590,000 after acquiring an additional 860 shares during the last quarter. Hedge funds and other institutional investors own 61.42% of the company’s stock.

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About Franco Nevada

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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