Analysts Anticipate Franco Nevada Corp (FNV) to Announce $0.30 Earnings Per Share

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Equities research analysts expect Franco Nevada Corp (NYSE:FNV) (TSE:FNV) to report $0.30 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have provided estimates for Franco Nevada’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.32. Franco Nevada reported earnings of $0.25 per share during the same quarter last year, which would suggest a positive year over year growth rate of 20%. The business is expected to report its next earnings results after the market closes on Wednesday, August 8th.

On average, analysts expect that Franco Nevada will report full-year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $1.12 to $1.34. For the next financial year, analysts forecast that the firm will post earnings of $1.31 per share, with EPS estimates ranging from $1.16 to $1.52. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that cover Franco Nevada.

Franco Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Wednesday, May 9th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The business had revenue of $173.10 million during the quarter, compared to analysts’ expectations of $169.26 million. Franco Nevada had a return on equity of 4.67% and a net margin of 31.64%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 EPS.

A number of research firms have recently weighed in on FNV. Clarkson Capital reiterated a “neutral” rating on shares of Franco Nevada in a report on Monday, April 2nd. Macquarie cut Franco Nevada from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 10th. Finally, Desjardins upgraded Franco Nevada from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $93.71.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its stake in Franco Nevada by 128.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,600 shares of the basic materials company’s stock worth $109,000 after acquiring an additional 900 shares in the last quarter. Cerebellum GP LLC lifted its stake in Franco Nevada by 2,358.0% during the 2nd quarter. Cerebellum GP LLC now owns 2,458 shares of the basic materials company’s stock worth $179,000 after acquiring an additional 2,358 shares in the last quarter. Verition Fund Management LLC acquired a new position in Franco Nevada during the 1st quarter worth about $201,000. Janney Montgomery Scott LLC acquired a new position in Franco Nevada during the 2nd quarter worth about $218,000. Finally, Community Financial Services Group LLC acquired a new position in Franco Nevada during the 2nd quarter worth about $219,000. 61.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE FNV traded down $0.06 during mid-day trading on Friday, reaching $72.79. 271,161 shares of the company’s stock were exchanged, compared to its average volume of 582,744. The stock has a market cap of $13.60 billion, a PE ratio of 67.40, a P/E/G ratio of 15.03 and a beta of -0.02. Franco Nevada has a 52-week low of $66.19 and a 52-week high of $86.06.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 28th. Investors of record on Thursday, June 14th were paid a dividend of $0.24 per share. This is a positive change from Franco Nevada’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, June 13th. This represents a $0.96 annualized dividend and a yield of 1.32%. Franco Nevada’s dividend payout ratio is presently 88.89%.

About Franco Nevada

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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