Brokerages Anticipate Franco Nevada Corp (NYSE:FNV) Will Announce Quarterly Sales of $173.62 Million

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Wall Street brokerages expect that Franco Nevada Corp (NYSE:FNV) (TSE:FNV) will announce $173.62 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Franco Nevada’s earnings, with estimates ranging from $165.00 million to $182.14 million. Franco Nevada reported sales of $161.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.6%. The business is scheduled to issue its next earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that Franco Nevada will report full year sales of $747.61 million for the current fiscal year, with estimates ranging from $677.00 million to $821.00 million. For the next financial year, analysts forecast that the firm will post sales of $855.99 million, with estimates ranging from $818.00 million to $898.44 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Franco Nevada.

Franco Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Wednesday, May 8th. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. The business had revenue of $179.80 million during the quarter, compared to analyst estimates of $166.15 million. Franco Nevada had a net margin of 21.16% and a return on equity of 4.64%.

Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Franco Nevada from a “buy” rating to a “hold” rating in a report on Thursday, March 14th. TD Securities lowered their price target on shares of Franco Nevada from $93.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Raymond James reissued an “outperform” rating and issued a $88.00 price objective on shares of Franco Nevada in a research report on Thursday, March 21st. BMO Capital Markets reissued an “average” rating and issued a $100.00 price objective on shares of Franco Nevada in a research report on Friday, April 5th. Finally, TheStreet lowered shares of Franco Nevada from a “b” rating to a “c+” rating in a research report on Friday, April 5th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $83.93.

NYSE:FNV opened at $77.11 on Wednesday. The firm has a market capitalization of $14.27 billion, a PE ratio of 65.91, a P/E/G ratio of 14.81 and a beta of 0.03. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 0.03. Franco Nevada has a one year low of $58.26 and a one year high of $79.00.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, June 12th. This is a positive change from Franco Nevada’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. Franco Nevada’s payout ratio is presently 82.05%.

A number of large investors have recently bought and sold shares of FNV. Legacy Bridge LLC acquired a new stake in Franco Nevada in the first quarter worth about $45,000. JNBA Financial Advisors acquired a new stake in Franco Nevada in the fourth quarter worth about $46,000. NumerixS Investment Technologies Inc acquired a new stake in Franco Nevada in the fourth quarter worth about $49,000. Advisory Services Network LLC increased its position in Franco Nevada by 42.1% in the fourth quarter. Advisory Services Network LLC now owns 729 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 216 shares during the period. Finally, Quadrant Capital Group LLC increased its position in Franco Nevada by 83.0% in the first quarter. Quadrant Capital Group LLC now owns 745 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 338 shares during the period. Institutional investors own 65.49% of the company’s stock.

About Franco Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.

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Earnings History and Estimates for Franco Nevada (NYSE:FNV)

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