FY2019 EPS Estimates for Freehold Royalties (TSE:FRU) Increased by National Bank Financial

Freehold Royalties (TSE:FRU) – National Bank Financial boosted their FY2019 earnings estimates for shares of Freehold Royalties in a report released on Wednesday, May 9th, Zacks Investment Research reports. National Bank Financial analyst T. Wood now expects that the company will post earnings per share of $0.26 for the year, up from their prior estimate of $0.22.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings data on Thursday, March 8th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.04. The business had revenue of C$38.24 million for the quarter, compared to analyst estimates of C$34.90 million. Freehold Royalties had a negative return on equity of 3.83% and a negative net margin of 21.07%.

A number of other brokerages have also weighed in on FRU. CIBC increased their price objective on Freehold Royalties from C$16.00 to C$16.50 in a report on Tuesday, March 20th. Raymond James increased their price objective on Freehold Royalties from C$16.00 to C$16.50 in a report on Tuesday, April 24th. Canaccord Genuity raised Freehold Royalties from a “hold” rating to a “buy” rating in a report on Monday, March 12th. Finally, Royal Bank of Canada dropped their target price on Freehold Royalties from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a report on Monday, March 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Freehold Royalties has an average rating of “Buy” and a consensus target price of C$16.56.

Shares of Freehold Royalties traded down C$0.08, reaching C$13.76, during mid-day trading on Friday, MarketBeat.com reports. The stock had a trading volume of 94,798 shares, compared to its average volume of 258,975. Freehold Royalties has a 1-year low of C$11.71 and a 1-year high of C$16.41.

Freehold Royalties Company Profile

Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada. It holds approximately 6.1 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 42,000 wells and receives royalty from industry operators.

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Earnings History and Estimates for Freehold Royalties (TSE:FRU)

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