FY2027 EPS Estimates for OR Royalties Lowered by Scotiabank

OR Royalties Inc. (NYSE:OR) – Stock analysts at Scotiabank dropped their FY2027 EPS estimates for shares of OR Royalties in a note issued to investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings per share of $1.21 for the year, down from their prior estimate of $1.31. Scotiabank currently has a “Sector Perform” rating and a $42.00 target price on the stock. The consensus estimate for OR Royalties’ current full-year earnings is $1.34 per share.

OR Royalties (NYSE:OR) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. The firm had revenue of $102.83 million during the quarter, compared to analysts’ expectations of $103.27 million. OR Royalties had a net margin of 78.09% and a return on equity of 15.10%.

OR has been the subject of several other reports. Jefferies Financial Group reduced their target price on OR Royalties from $40.00 to $34.00 and set a “hold” rating for the company in a report on Monday, July 6th. Zacks Research cut shares of OR Royalties from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Weiss Ratings downgraded shares of OR Royalties from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Royal Bank Of Canada decreased their price target on shares of OR Royalties from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Finally, Wall Street Zen cut OR Royalties from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.50.

OR Royalties Stock Performance

OR opened at $28.25 on Friday. The company has a market cap of $5.29 billion, a PE ratio of 21.08 and a beta of 0.74. The stock has a 50-day moving average of $33.72 and a 200-day moving average of $38.07. OR Royalties has a 52-week low of $27.07 and a 52-week high of $48.06.

OR Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.065 per share. This is an increase from OR Royalties’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, June 30th. This represents a $0.26 annualized dividend and a dividend yield of 0.9%. OR Royalties’s dividend payout ratio (DPR) is presently 18.66%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of OR Royalties during the 4th quarter worth approximately $88,597,000. Elliott Investment Management L.P. boosted its stake in OR Royalties by 42.7% in the 4th quarter. Elliott Investment Management L.P. now owns 3,111,000 shares of the basic materials company’s stock valued at $110,098,000 after buying an additional 930,849 shares in the last quarter. Goldman Sachs Group Inc. grew its position in OR Royalties by 152.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,256,583 shares of the basic materials company’s stock valued at $26,539,000 after acquiring an additional 758,815 shares during the period. Invesco Ltd. grew its position in OR Royalties by 85.3% in the third quarter. Invesco Ltd. now owns 1,543,366 shares of the basic materials company’s stock valued at $61,858,000 after acquiring an additional 710,654 shares during the period. Finally, Verbena Value LP acquired a new position in OR Royalties during the fourth quarter worth $24,734,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

OR Royalties Company Profile

OR Royalties PLC (NYSE: OR) is a closed-ended investment company that specializes in acquiring and managing royalty interests in life science and pharmaceutical products. The company provides capital to biotechnology, specialty pharmaceutical and medical device companies in exchange for a share of future sales revenues. By focusing on royalties secured against marketed products, OR Royalties aims to deliver income and growth potential while minimizing the development and commercialization risks typically associated with direct equity stakes.

The company’s core activities include sourcing royalty transactions, structuring bespoke financing solutions and actively monitoring a diversified portfolio of assets.