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.
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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