Analysts Anticipate Franco Nevada Corp (NYSE:FNV) to Post $0.44 Earnings Per Share

Brokerages expect Franco Nevada Corp (NYSE:FNV) (TSE:FNV) to report earnings per share of $0.44 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Franco Nevada’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.51. Franco Nevada reported earnings per share of $0.29 during the same quarter last year, which indicates a positive year-over-year growth rate of 51.7%. The company is expected to issue its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that Franco Nevada will report full year earnings of $1.57 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.74. For the next financial year, analysts forecast that the business will post earnings of $1.86 per share, with EPS estimates ranging from $1.58 to $2.28. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Franco Nevada.

Franco Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $170.50 million for the quarter, compared to analyst estimates of $175.55 million. Franco Nevada had a return on equity of 4.83% and a net margin of 22.42%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 earnings per share.

Several analysts have issued reports on FNV shares. Barclays set a $89.00 price objective on Franco Nevada and gave the company a “hold” rating in a research note on Friday, July 19th. Royal Bank of Canada lowered Franco Nevada from an “outperform” rating to a “sector perform” rating and set a $75.54 target price on the stock. in a research note on Wednesday, May 22nd. Canaccord Genuity reiterated an “average” rating and set a $127.00 target price on shares of Franco Nevada in a research note on Friday, July 19th. Raymond James increased their target price on Franco Nevada from $98.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, TD Securities increased their target price on Franco Nevada from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $98.65.

A number of large investors have recently modified their holdings of the stock. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Franco Nevada during the 2nd quarter valued at $51,000. Legacy Bridge LLC acquired a new stake in shares of Franco Nevada during the 1st quarter valued at $45,000. Quadrant Capital Group LLC boosted its holdings in shares of Franco Nevada by 83.0% during the 1st quarter. Quadrant Capital Group LLC now owns 745 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 338 shares in the last quarter. Carroll Financial Associates Inc. acquired a new stake in shares of Franco Nevada during the 1st quarter valued at $64,000. Finally, Advisory Services Network LLC boosted its holdings in shares of Franco Nevada by 20.6% during the 1st quarter. Advisory Services Network LLC now owns 879 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 150 shares in the last quarter. 64.88% of the stock is currently owned by institutional investors and hedge funds.

NYSE:FNV traded up $0.46 on Friday, hitting $94.86. The company’s stock had a trading volume of 21,258 shares, compared to its average volume of 640,053. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average of $89.30 and a two-hundred day moving average of $79.18. The firm has a market capitalization of $17.78 billion, a P/E ratio of 80.97, a price-to-earnings-growth ratio of 14.81 and a beta of 0.06. Franco Nevada has a one year low of $58.26 and a one year high of $96.49.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a dividend of $0.439 per share. The ex-dividend date is Wednesday, September 11th. This represents a $1.76 dividend on an annualized basis and a yield of 1.85%. This is an increase from Franco Nevada’s previous quarterly dividend of $0.25. Franco Nevada’s dividend payout ratio is currently 85.47%.

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

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