Freehold Royalties (FRHLF) Expected to Announce Quarterly Earnings on Tuesday

Key Points

• Freehold Royalties (FRHLF) is expected to report quarterly results after the market close on Tuesday, May 12, with analysts forecasting $0.1294 EPS and $52.044 million in revenue.
• In the prior quarter the company missed estimates (reported $0.06 EPS vs $0.09 expected) on $50.83 million of revenue; the stock trades near $13.20 with a market cap of about $2.16 billion and a consensus analyst rating of "Hold".

Freehold Royalties (OTCMKTS:FRHLF - Get Free Report) is anticipated to post its results after the market closes on Tuesday, May 12th. Analysts expect Freehold Royalties to post earnings of $0.1294 per share and revenue of $52.0440 million for the quarter.

Freehold Royalties (OTCMKTS:FRHLF - Get Free Report) last released its quarterly earnings data on Wednesday, March 11th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). Freehold Royalties had a net margin of 29.19% and a return on equity of 8.79%. The company had revenue of $50.83 million for the quarter.

Freehold Royalties Stock Performance

FRHLF stock traded up $0.13 on Tuesday, hitting $13.20. The company had a trading volume of 18,098 shares, compared to its average volume of 109,795. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.28. Freehold Royalties has a 12-month low of $8.05 and a 12-month high of $13.58. The stock has a market cap of $2.16 billion and a price-to-earnings ratio of 33.00. The stock's 50-day simple moving average is $12.65 and its 200 day simple moving average is $11.58.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Canadian Imperial Bank of Commerce raised Freehold Royalties to a "hold" rating in a report on Thursday, March 12th. Raymond James Financial cut Freehold Royalties from a "moderate buy" rating to a "hold" rating in a research report on Monday, March 30th. Royal Bank Of Canada upgraded Freehold Royalties to a "hold" rating in a research note on Monday, April 13th. National Bank Financial lowered shares of Freehold Royalties from an "outperform" rating to a "sector perform" rating in a research report on Friday, January 9th. Finally, Desjardins upgraded shares of Freehold Royalties to a "hold" rating in a research note on Friday, March 13th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Freehold Royalties has a consensus rating of "Hold".

About Freehold Royalties

Freehold Royalties Ltd is a Canadian energy company focused on the acquisition and management of petroleum and natural gas royalty interests. Rather than directly exploring or producing hydrocarbons, Freehold earns a portion of production revenue from wells operated by third parties. The company’s portfolio spans a variety of royalty structures, including freehold and other non-operated interests, which provide exposure to oil, natural gas and natural gas liquids without bearing the full costs and risks of exploration and development.

Freehold’s assets are concentrated in the Western Canadian Sedimentary Basin, with significant royalty interests in Alberta and British Columbia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.