Diversified Royalty Corp. (TSE:DIV) to Post Q1 2024 Earnings of $0.03 Per Share, Cormark Forecasts

Diversified Royalty Corp. (TSE:DIV) – Equities researchers at Cormark issued their Q1 2024 EPS estimates for shares of Diversified Royalty in a research report issued on Monday, March 25th. Cormark analyst J. Fenwick expects that the company will post earnings of $0.03 per share for the quarter. The consensus estimate for Diversified Royalty’s current full-year earnings is $0.20 per share. Cormark also issued estimates for Diversified Royalty’s Q2 2024 earnings at $0.05 EPS, Q3 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.17 EPS and FY2025 earnings at $0.20 EPS.

Diversified Royalty (TSE:DIV) last issued its quarterly earnings data on Thursday, March 21st. The company reported C$0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.05 by C$0.01. The business had revenue of C$16.39 million during the quarter, compared to analyst estimates of C$16.84 million. Diversified Royalty had a return on equity of 8.30% and a net margin of 34.31%.

Separately, Raymond James set a C$3.40 price objective on shares of Diversified Royalty and gave the company an “outperform” rating in a research report on Thursday, February 8th.

Diversified Royalty Stock Down 0.3 %

Diversified Royalty stock opened at C$2.90 on Tuesday. The company has a 50 day moving average of C$2.82 and a 200-day moving average of C$2.70. The company has a quick ratio of 1.74, a current ratio of 1.39 and a debt-to-equity ratio of 87.08. Diversified Royalty has a twelve month low of C$2.35 and a twelve month high of C$3.10. The stock has a market capitalization of C$475.25 million, a PE ratio of 24.17 and a beta of 1.59.

Diversified Royalty Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be given a $0.021 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.69%. The ex-dividend date is Thursday, March 14th. This is a positive change from Diversified Royalty’s previous monthly dividend of $0.02. Diversified Royalty’s payout ratio is currently 208.33%.

Diversified Royalty Company Profile

Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Mr. Lube, AIR MILES, Sutton, Mr. Mikes, Stratus Building Solutions, Nurse Next Door, and Oxford Learning Centres trademarks. The company was formerly known as BENEV Capital Inc and changed its name to Diversified Royalty Corp.