Wall Street analysts predict that Franco-Nevada (NYSE:FNV) (TSE:FNV) will announce earnings of $0.29 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Franco-Nevada’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.30. Franco-Nevada reported earnings of $0.25 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 16%. The business is expected to issue its next earnings report on Tuesday, August 14th.
According to Zacks, analysts expect that Franco-Nevada will report full year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.12 to $1.32. For the next fiscal year, analysts anticipate that the business will report earnings of $1.38 per share, with EPS estimates ranging from $1.20 to $1.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Franco-Nevada.
Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings results on Wednesday, May 9th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.06. Franco-Nevada had a return on equity of 4.67% and a net margin of 31.64%. The business had revenue of $173.10 million for the quarter, compared to the consensus estimate of $169.26 million. During the same period last year, the business posted $0.25 EPS. The business’s revenue was up .2% compared to the same quarter last year.
FNV has been the topic of a number of analyst reports. Zacks Investment Research upgraded Franco-Nevada from a “hold” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a report on Thursday, February 15th. TD Securities cut their price target on Franco-Nevada from $96.00 to $93.00 and set a “buy” rating on the stock in a report on Friday, March 9th. Credit Suisse Group set a $80.00 price target on Franco-Nevada and gave the company a “hold” rating in a report on Friday, March 9th. Raymond James cut their price target on Franco-Nevada from $93.00 to $91.00 and set an “outperform” rating on the stock in a report on Friday, March 9th. Finally, Clarkson Capital reiterated a “neutral” rating on shares of Franco-Nevada in a report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Franco-Nevada presently has an average rating of “Hold” and an average price target of $88.00.
A number of hedge funds have recently made changes to their positions in FNV. Van ECK Associates Corp grew its stake in Franco-Nevada by 35.7% during the 1st quarter. Van ECK Associates Corp now owns 8,583,214 shares of the basic materials company’s stock worth $587,006,000 after buying an additional 2,259,834 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Franco-Nevada by 66.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,766,334 shares of the basic materials company’s stock worth $141,219,000 after buying an additional 704,843 shares during the last quarter. Toronto Dominion Bank grew its stake in Franco-Nevada by 54.5% during the 1st quarter. Toronto Dominion Bank now owns 1,647,700 shares of the basic materials company’s stock worth $112,278,000 after buying an additional 581,131 shares during the last quarter. Renaissance Technologies LLC grew its stake in Franco-Nevada by 41.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,823,500 shares of the basic materials company’s stock worth $145,828,000 after buying an additional 530,300 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in Franco-Nevada during the 4th quarter worth $39,730,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Shares of Franco-Nevada traded up $0.48, reaching $71.41, on Friday, MarketBeat.com reports. The company had a trading volume of 258,237 shares, compared to its average volume of 414,449. Franco-Nevada has a 52-week low of $66.19 and a 52-week high of $86.06. The company has a market capitalization of $13.17 billion, a PE ratio of 66.12, a P/E/G ratio of 14.52 and a beta of 0.05.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Thursday, June 14th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.34%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, June 13th. Franco-Nevada’s payout ratio is 85.19%.
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Peru, Chile, Australia, and Africa. The company also holds interests in silver, platinum group metals, oil and gas, and other resource assets. As of December 31, 2017, it had a portfolio of 341 assets.
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