Franco-Nevada (NYSE:FNV) Posts Earnings Results, Misses Estimates By $0.03 EPS

Franco-Nevada (NYSE:FNV) (TSE:FNV) released its quarterly earnings results on Tuesday. The basic materials company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03), Briefing.com reports. Franco-Nevada had a positive return on equity of 10.81% and a negative net margin of 39.88%. The company had revenue of $260.10 million during the quarter, compared to the consensus estimate of $277.44 million. During the same period in the previous year, the firm posted $0.95 earnings per share. The company’s revenue was down 21.2% on a year-over-year basis.

Franco-Nevada Price Performance

FNV stock traded up $2.94 during midday trading on Thursday, hitting $119.89. 871,979 shares of the stock traded hands, compared to its average volume of 669,923. The stock’s fifty day simple moving average is $122.06 and its 200-day simple moving average is $118.69. Franco-Nevada has a 1-year low of $102.29 and a 1-year high of $146.43. The firm has a market cap of $23.07 billion, a P/E ratio of -48.16, a PEG ratio of 21.14 and a beta of 0.74.

Franco-Nevada Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Thursday, September 12th. Franco-Nevada’s dividend payout ratio is currently -57.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Franco-Nevada from a “hold” rating to a “sell” rating in a report on Wednesday. TD Cowen raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday. HC Wainwright increased their price target on shares of Franco-Nevada from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Jefferies Financial Group lifted their price objective on shares of Franco-Nevada from $129.00 to $133.00 and gave the company a “hold” rating in a research note on Friday, July 12th. Finally, TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $152.33.

About Franco-Nevada

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.