Analysts Anticipate Wheaton Precious Metals Corp (WPM) Will Announce Earnings of $0.13 Per Share

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Wall Street analysts expect Wheaton Precious Metals Corp (NYSE:WPM) to announce earnings per share of $0.13 for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Wheaton Precious Metals’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.17. Wheaton Precious Metals reported earnings per share of $0.15 in the same quarter last year, which would suggest a negative year over year growth rate of 13.3%. The company is expected to announce its next earnings results on Thursday, November 8th.

According to Zacks, analysts expect that Wheaton Precious Metals will report full-year earnings of $0.56 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $0.61. For the next fiscal year, analysts forecast that the business will post earnings of $0.65 per share, with EPS estimates ranging from $0.49 to $0.81. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Wheaton Precious Metals.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Tuesday, August 14th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. Wheaton Precious Metals had a net margin of 36.76% and a return on equity of 5.80%. The business had revenue of $212.40 million during the quarter, compared to analyst estimates of $203.92 million. During the same period last year, the business posted $0.15 earnings per share. Wheaton Precious Metals’s quarterly revenue was up 6.4% compared to the same quarter last year.

WPM has been the subject of several research analyst reports. Raymond James raised their price objective on shares of Wheaton Precious Metals from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, June 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 target price on shares of Wheaton Precious Metals in a report on Monday, June 18th. ValuEngine upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Finally, Zacks Investment Research lowered shares of Wheaton Precious Metals from a “hold” rating to a “sell” rating in a report on Sunday, July 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Wheaton Precious Metals has an average rating of “Buy” and a consensus target price of $26.50.

Several hedge funds have recently added to or reduced their stakes in the company. Wedbush Securities Inc. lifted its holdings in shares of Wheaton Precious Metals by 9.7% during the second quarter. Wedbush Securities Inc. now owns 29,281 shares of the company’s stock valued at $646,000 after purchasing an additional 2,582 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Wheaton Precious Metals by 0.6% during the second quarter. Baird Financial Group Inc. now owns 428,914 shares of the company’s stock valued at $9,462,000 after purchasing an additional 2,675 shares during the last quarter. Pring Turner Capital Group Inc. lifted its holdings in shares of Wheaton Precious Metals by 2.7% during the first quarter. Pring Turner Capital Group Inc. now owns 103,955 shares of the company’s stock valued at $2,118,000 after purchasing an additional 2,780 shares during the last quarter. Parsons Capital Management Inc. RI lifted its holdings in shares of Wheaton Precious Metals by 8.2% during the second quarter. Parsons Capital Management Inc. RI now owns 39,221 shares of the company’s stock valued at $865,000 after purchasing an additional 2,966 shares during the last quarter. Finally, First Allied Advisory Services Inc. raised its holdings in Wheaton Precious Metals by 35.9% in the 2nd quarter. First Allied Advisory Services Inc. now owns 16,444 shares of the company’s stock worth $361,000 after acquiring an additional 4,340 shares during the last quarter. Hedge funds and other institutional investors own 52.19% of the company’s stock.

WPM traded down $0.05 on Friday, hitting $16.96. The company had a trading volume of 80,971 shares, compared to its average volume of 2,745,012. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.76 and a quick ratio of 4.76. Wheaton Precious Metals has a 52-week low of $15.18 and a 52-week high of $22.86. The firm has a market capitalization of $7.45 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 6.02 and a beta of 0.21.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Wednesday, August 29th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, August 28th. This represents a $0.36 annualized dividend and a dividend yield of 2.12%. Wheaton Precious Metals’s payout ratio is 57.14%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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Earnings History and Estimates for Wheaton Precious Metals (NYSE:WPM)

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