Franco-Nevada (FNV) Scheduled to Post Earnings on Wednesday

Franco-Nevada (NYSE:FNV) (TSE:FNV) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Franco-Nevada to post earnings of $0.86 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The company had revenue of $260.10 million during the quarter, compared to the consensus estimate of $277.44 million. Franco-Nevada had a negative net margin of 51.64% and a positive return on equity of 10.56%. The business’s revenue was down 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 earnings per share. On average, analysts expect Franco-Nevada to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Franco-Nevada Stock Performance

Shares of NYSE FNV opened at $137.22 on Wednesday. The company has a market cap of $26.40 billion, a P/E ratio of -55.11, a P/E/G ratio of 22.67 and a beta of 0.76. The firm’s fifty day moving average is $125.41 and its two-hundred day moving average is $123.54. Franco-Nevada has a 52-week low of $102.29 and a 52-week high of $137.60.

Franco-Nevada Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were issued a $0.36 dividend. The ex-dividend date was Thursday, September 12th. This represents a $1.44 dividend on an annualized basis and a yield of 1.05%. Franco-Nevada’s dividend payout ratio is currently -57.83%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on FNV shares. StockNews.com upgraded shares of Franco-Nevada from a “sell” rating to a “hold” rating in a report on Thursday, August 22nd. Jefferies Financial Group reduced their target price on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. TD Cowen upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Scotiabank boosted their target price on shares of Franco-Nevada from $141.00 to $142.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th. Finally, TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Franco-Nevada presently has an average rating of “Moderate Buy” and a consensus price target of $152.75.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.