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

Franco-Nevada (NYSE:FNV) (TSE:FNV) is scheduled to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.68 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Tuesday, March 5th. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.10. Franco-Nevada had a negative net margin of 38.26% and a positive return on equity of 10.61%. The company had revenue of $303.30 million during the quarter. On average, analysts expect Franco-Nevada to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Franco-Nevada Stock Performance

Shares of Franco-Nevada stock opened at $119.38 on Wednesday. Franco-Nevada has a 52-week low of $102.29 and a 52-week high of $161.25. The stock has a market capitalization of $22.96 billion, a price-to-earnings ratio of -49.13, a price-to-earnings-growth ratio of 6.66 and a beta of 0.71. The company has a fifty day moving average of $114.55 and a 200-day moving average of $115.81.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.36 dividend. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.21%. Franco-Nevada’s dividend payout ratio is -55.97%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FNV. Raymond James upped their price objective on shares of Franco-Nevada from $138.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Bank of America cut their price objective on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Monday, March 18th. TheStreet cut shares of Franco-Nevada from a “c+” rating to a “d+” rating in a research report on Tuesday, March 5th. Jefferies Financial Group increased their price target on shares of Franco-Nevada from $117.00 to $129.00 and gave the company a “hold” rating in a research report on Monday. Finally, Scotiabank increased their price target on shares of Franco-Nevada from $139.00 to $140.00 and gave the company a “sector perform” rating in a research report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $148.60.

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.