Analysts Expect Franco Nevada Corp (FNV) Will Post Earnings of $0.29 Per Share

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Equities research analysts expect Franco Nevada Corp (NYSE:FNV) (TSE:FNV) to report $0.29 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 $0.25 and the highest is $0.33. Franco Nevada reported earnings of $0.30 per share during the same quarter last year, which would suggest a negative year over year growth rate of 3.3%. The business is expected to report its next earnings results on Monday, November 5th.

On average, analysts expect that Franco Nevada will report full-year earnings of $1.19 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 $1.15 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 earnings results on Wednesday, August 8th. The basic materials company reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The firm had revenue of $161.30 million during the quarter, compared to analyst estimates of $169.46 million. Franco Nevada had a return on equity of 4.80% and a net margin of 32.94%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 earnings per share.

Several equities research analysts have commented on the company. Desjardins upgraded Franco Nevada from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Macquarie lowered Franco Nevada from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 10th. TD Securities set a $93.00 price target on Franco Nevada and gave the stock a “buy” rating in a research note on Tuesday, August 7th. ValuEngine upgraded Franco Nevada from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Credit Suisse Group restated a “neutral” rating on shares of Franco Nevada in a research note on Monday, September 10th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $93.71.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of Franco Nevada by 35.7% in the first quarter. Van ECK Associates Corp now owns 8,583,214 shares of the basic materials company’s stock worth $587,006,000 after buying an additional 2,259,834 shares during the period. Bank of Montreal Can purchased a new stake in shares of Franco Nevada in the second quarter worth about $494,119,000. Fiera Capital Corp boosted its position in shares of Franco Nevada by 217.2% in the second quarter. Fiera Capital Corp now owns 3,682,984 shares of the basic materials company’s stock worth $268,834,000 after buying an additional 2,521,932 shares during the period. Franklin Resources Inc. boosted its position in shares of Franco Nevada by 5.4% in the first quarter. Franklin Resources Inc. now owns 3,034,410 shares of the basic materials company’s stock worth $206,810,000 after buying an additional 155,287 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Franco Nevada by 12.6% in the second quarter. Renaissance Technologies LLC now owns 2,458,200 shares of the basic materials company’s stock worth $179,498,000 after buying an additional 274,300 shares during the period. 63.47% of the stock is owned by institutional investors.

Franco Nevada stock opened at $64.61 on Tuesday. The firm has a market capitalization of $11.96 billion, a P/E ratio of 59.82, a price-to-earnings-growth ratio of 13.45 and a beta of -0.19. Franco Nevada has a 52 week low of $58.26 and a 52 week high of $86.06.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Thursday, September 13th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, September 12th. This represents a $0.96 annualized dividend and a yield of 1.49%. 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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