FY2024 Earnings Forecast for TSE:DIV Issued By Raymond James

Diversified Royalty Corp. (TSE:DIV) – Analysts at Raymond James lowered their FY2024 earnings per share (EPS) estimates for shares of Diversified Royalty in a note issued to investors on Thursday, November 7th. Raymond James analyst M. Glen now anticipates that the company will earn $0.18 per share for the year, down from their previous estimate of $0.19. The consensus estimate for Diversified Royalty’s current full-year earnings is $0.20 per share.

Several other brokerages have also recently weighed in on DIV. Ventum Cap Mkts raised shares of Diversified Royalty to a “strong-buy” rating in a research report on Tuesday, September 24th. Ventum Financial set a C$4.00 price target on shares of Diversified Royalty and gave the company a “buy” rating in a research report on Tuesday, September 24th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Diversified Royalty has a consensus rating of “Moderate Buy” and a consensus target price of C$3.80.

Diversified Royalty Trading Up 0.3 %

DIV opened at C$3.05 on Monday. The firm has a market capitalization of C$504.62 million, a price-to-earnings ratio of 14.52 and a beta of 1.57. The company’s 50 day simple moving average is C$2.96 and its two-hundred day simple moving average is C$2.83. Diversified Royalty has a 1-year low of C$2.52 and a 1-year high of C$3.09. The company has a debt-to-equity ratio of 89.69, a current ratio of 5.73 and a quick ratio of 1.74.

Diversified Royalty (TSE:DIV) last released its earnings results on Friday, August 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.05. The business had revenue of C$16.78 million during the quarter, compared to analyst estimates of C$17.50 million. Diversified Royalty had a net margin of 51.17% and a return on equity of 12.02%.

Diversified Royalty Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.021 per share. This represents a $0.25 dividend on an annualized basis and a yield of 8.26%. The ex-dividend date is Friday, November 15th. Diversified Royalty’s dividend payout ratio (DPR) is 119.05%.

Diversified Royalty Company Profile

Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks.