Brokerages expect Enduro Royalty Trust (NYSE:NDRO) to announce $0.05 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Enduro Royalty Trust’s earnings. Enduro Royalty Trust posted earnings of $0.10 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 50%. The business is scheduled to issue its next earnings results on Monday, July 30th.
According to Zacks, analysts expect that Enduro Royalty Trust will report full-year earnings of $0.18 per share for the current fiscal year. For the next fiscal year, analysts forecast that the company will report earnings of $0.07 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Enduro Royalty Trust.
Enduro Royalty Trust (NYSE:NDRO) last posted its quarterly earnings data on Monday, March 12th. The oil and gas producer reported $1.15 EPS for the quarter. Enduro Royalty Trust had a net margin of 98.22% and a return on equity of 47.00%. The business had revenue of $3.36 million during the quarter.
Separately, Zacks Investment Research raised shares of Enduro Royalty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, March 29th.
A hedge fund recently raised its stake in Enduro Royalty Trust stock. Wells Fargo & Company MN grew its holdings in Enduro Royalty Trust (NYSE:NDRO) by 39.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 506,819 shares of the oil and gas producer’s stock after purchasing an additional 142,116 shares during the quarter. Wells Fargo & Company MN owned 1.54% of Enduro Royalty Trust worth $1,596,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 57.94% of the company’s stock.
Shares of NYSE NDRO traded up $0.05 during midday trading on Tuesday, hitting $3.10. The company’s stock had a trading volume of 322,383 shares, compared to its average volume of 161,656. Enduro Royalty Trust has a 1 year low of $2.75 and a 1 year high of $4.45. The firm has a market cap of $105.60 million, a price-to-earnings ratio of 2.28 and a beta of 0.27.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 31st will be paid a $0.034 dividend. This represents a $0.41 annualized dividend and a dividend yield of 13.16%. The ex-dividend date is Wednesday, May 30th. Enduro Royalty Trust’s payout ratio is 30.15%.
About Enduro Royalty Trust
Enduro Royalty Trust operates a statutory trust. It owns a net profits interest representing the right to receive an 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico held by Enduro Resource Partners LLC. The company was founded in 2011 and is based in Houston, Texas.
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