Franco-Nevada (FNV) Set to Announce Earnings on Wednesday

Franco-Nevada (NYSE:FNV) (TSE:FNV) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Parties interested in registering for the company’s 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 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). Franco-Nevada had a positive return on equity of 10.56% and a negative net margin of 51.64%. The business had revenue of $260.10 million for the quarter, compared to the consensus estimate of $277.44 million. During the same quarter in the prior year, the business earned $0.95 EPS. The firm’s revenue for the quarter was down 21.2% on a year-over-year basis. 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 Trading Up 0.2 %

FNV stock opened at $132.01 on Tuesday. The firm has a market cap of $25.41 billion, a P/E ratio of -43.42, a P/E/G ratio of 22.19 and a beta of 0.75. Franco-Nevada has a 1-year low of $102.29 and a 1-year high of $137.60. The business’s 50 day moving average is $126.03 and its 200-day moving average is $123.87.

Franco-Nevada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, September 12th. This represents a $1.44 annualized dividend and a yield of 1.09%. Franco-Nevada’s dividend payout ratio is currently -47.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FNV shares. HC Wainwright reaffirmed a “buy” rating and issued a $185.00 target price on shares of Franco-Nevada in a report on Friday, August 16th. TD Cowen raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Jefferies Financial Group cut their target price on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. StockNews.com upgraded Franco-Nevada from a “sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Finally, TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $154.57.

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.