Wall Street brokerages predict that Franco Nevada Corp (NYSE:FNV) (TSE:FNV) will post $220.84 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Franco Nevada’s earnings. The lowest sales estimate is $200.00 million and the highest is $233.21 million. Franco Nevada reported sales of $170.60 million during the same quarter last year, which indicates a positive year over year growth rate of 29.4%. The business is expected to issue its next quarterly earnings report on Monday, November 4th.
On average, analysts expect that Franco Nevada will report full year sales of $799.00 million for the current year, with estimates ranging from $768.00 million to $827.73 million. For the next fiscal year, analysts forecast that the firm will post sales of $953.79 million, with estimates ranging from $918.00 million to $1.01 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Franco Nevada.
Franco Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Franco Nevada had a return on equity of 4.83% and a net margin of 22.42%. The firm had revenue of $170.50 million for the quarter, compared to analyst estimates of $175.55 million. During the same quarter last year, the firm posted $0.29 EPS. The business’s revenue was up 5.7% on a year-over-year basis.
Shares of NYSE:FNV traded up $1.77 during midday trading on Tuesday, reaching $98.37. 515,636 shares of the company’s stock traded hands, compared to its average volume of 660,111. Franco Nevada has a 1 year low of $58.26 and a 1 year high of $97.37. The company has a market cap of $18.07 billion, a P/E ratio of 84.07, a PEG ratio of 15.40 and a beta of 0.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.67 and a current ratio of 2.67. The company has a fifty day simple moving average of $90.73 and a two-hundred day simple moving average of $79.75.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be paid a $0.439 dividend. This is an increase from Franco Nevada’s previous quarterly dividend of $0.25. This represents a $1.76 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, September 11th. Franco Nevada’s dividend payout ratio is currently 85.47%.
A number of hedge funds and other institutional investors have recently bought and sold shares of FNV. Prudential PLC acquired a new stake in shares of Franco Nevada during the 2nd quarter worth about $87,966,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Franco Nevada by 8.4% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,767 shares of the basic materials company’s stock worth $742,000 after purchasing an additional 680 shares in the last quarter. Ashford Capital Management Inc. boosted its position in Franco Nevada by 9.6% during the second quarter. Ashford Capital Management Inc. now owns 157,778 shares of the basic materials company’s stock worth $13,392,000 after purchasing an additional 13,850 shares in the last quarter. Beutel Goodman & Co Ltd. boosted its position in Franco Nevada by 0.4% during the second quarter. Beutel Goodman & Co Ltd. now owns 2,974,852 shares of the basic materials company’s stock worth $252,487,000 after purchasing an additional 12,400 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in Franco Nevada by 163.4% during the second quarter. Schroder Investment Management Group now owns 61,803 shares of the basic materials company’s stock worth $6,869,000 after purchasing an additional 38,338 shares in the last quarter. 64.88% of the stock is owned by hedge funds and other institutional investors.
Franco Nevada Company Profile
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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