Freehold Royalties Ltd (TSE:FRU) – Investment analysts at Cormark issued their Q1 2018 earnings per share (EPS) estimates for shares of Freehold Royalties in a research note issued on Monday. Cormark analyst A. Arif anticipates that the company will post earnings of $0.05 per share for the quarter. Cormark also issued estimates for Freehold Royalties’ Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.20 EPS and FY2019 earnings at $0.26 EPS.
FRU has been the topic of several other reports. Royal Bank of Canada reduced their price objective on Freehold Royalties from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a research note on Monday. Raymond James Financial reduced their price objective on Freehold Royalties from C$16.00 to C$15.50 and set an “outperform” rating on the stock in a research note on Friday, March 9th. Canaccord Genuity raised Freehold Royalties from a “hold” rating to a “buy” rating in a research note on Monday. Finally, National Bank Financial raised their price objective on Freehold Royalties from C$16.50 to C$18.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$17.06.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 15th will be paid a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Tuesday, February 27th. Freehold Royalties’s dividend payout ratio (DPR) is presently 590.00%.
WARNING: “Freehold Royalties Ltd (FRU) to Post Q1 2018 Earnings of $0.05 Per Share, Cormark Forecasts” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/03/14/freehold-royalties-ltd-fru-to-post-q1-2018-earnings-of-0-05-per-share-cormark-forecasts.html.
Freehold Royalties Company Profile
Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada.
Receive News & Ratings for Freehold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freehold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.