Equities research analysts expect that Franco-Nevada (NYSE:FNV) (TSE:FNV) will announce earnings of $0.29 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Franco-Nevada’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.28. Franco-Nevada reported earnings per share of $0.25 in the same quarter last year, which suggests a positive year-over-year growth rate of 16%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, August 14th.
On average, analysts expect that Franco-Nevada will report full year earnings of $1.22 per share for the current year, with EPS estimates ranging from $1.12 to $1.32. For the next year, analysts expect 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 calculations are an average based on a survey of sell-side research firms that that provide coverage for Franco-Nevada.
Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings data on Wednesday, May 9th. The basic materials company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.06. The firm had revenue of $173.10 million for the quarter, compared to analysts’ expectations of $169.26 million. Franco-Nevada had a net margin of 31.64% and a return on equity of 4.67%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $0.25 EPS.
FNV has been the topic of several research reports. Scotiabank set a $86.00 price objective on shares of Franco-Nevada and gave the company a “hold” rating in a research report on Monday, January 22nd. Credit Suisse Group set a $80.00 price objective on shares of Franco-Nevada and gave the company a “hold” rating in a research report on Monday, January 22nd. Raymond James lowered their price objective on shares of Franco-Nevada from $93.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Franco-Nevada from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, TD Securities lowered their price objective on shares of Franco-Nevada from $96.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, March 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $88.00.
Large investors have recently modified their holdings of the stock. Capital Fund Management S.A. raised its position in Franco-Nevada by 455.3% in the 4th quarter. Capital Fund Management S.A. now owns 3,332 shares of the basic materials company’s stock worth $266,000 after purchasing an additional 2,732 shares during the period. Candriam Luxembourg S.C.A. purchased a new position in shares of Franco-Nevada in the fourth quarter valued at about $254,000. Ontario Teachers Pension Plan Board purchased a new position in shares of Franco-Nevada in the fourth quarter valued at about $553,000. Bank of Nova Scotia Trust Co. increased its position in shares of Franco-Nevada by 28.4% in the fourth quarter. Bank of Nova Scotia Trust Co. now owns 91,937 shares of the basic materials company’s stock valued at $7,351,000 after acquiring an additional 20,321 shares during the period. Finally, AXA increased its position in shares of Franco-Nevada by 27.2% in the fourth quarter. AXA now owns 46,519 shares of the basic materials company’s stock valued at $3,720,000 after acquiring an additional 9,951 shares during the period. Institutional investors own 61.18% of the company’s stock.
Franco-Nevada opened at $71.07 on Friday, MarketBeat Ratings reports. The firm has a market cap of $13.15 billion, a PE ratio of 60.40, a P/E/G ratio of 14.50 and a beta of 0.05. Franco-Nevada has a fifty-two week low of $66.19 and a fifty-two week high of $86.06.
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 given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Wednesday, June 13th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.23. Franco-Nevada’s dividend payout ratio (DPR) is presently 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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