Franco-Nevada (FNV) to Release Earnings on Wednesday

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV will issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.68 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its earnings results on Tuesday, March 5th. The basic materials company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.10. Franco-Nevada had a negative net margin of 38.26% and a positive return on equity of 10.61%. The business had revenue of $303.30 million for the quarter. On average, analysts expect Franco-Nevada to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Franco-Nevada Price Performance

Shares of NYSE:FNV traded down $0.31 during trading hours on Wednesday, hitting $119.01. The company's stock had a trading volume of 332,970 shares, compared to its average volume of 738,522. The company has a market capitalization of $22.89 billion, a price-to-earnings ratio of -48.98, a P/E/G ratio of 6.20 and a beta of 0.71. Franco-Nevada has a 52 week low of $102.29 and a 52 week high of $161.25. The firm's fifty day moving average price is $114.55 and its 200 day moving average price is $115.81.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.36 per share. This is an increase from Franco-Nevada's previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Wednesday, March 13th. Franco-Nevada's payout ratio is presently -55.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FNV shares. Scotiabank lifted their price objective on shares of Franco-Nevada from $139.00 to $140.00 and gave the company a "sector perform" rating in a report on Thursday, April 18th. TheStreet cut Franco-Nevada from a "c+" rating to a "d+" rating in a report on Tuesday, March 5th. Jefferies Financial Group boosted their price target on shares of Franco-Nevada from $117.00 to $129.00 and gave the company a "hold" rating in a research report on Monday. Bank of America reduced their target price on shares of Franco-Nevada from $138.00 to $136.00 and set a "buy" rating on the stock in a research note on Monday, March 18th. Finally, Raymond James increased their price target on shares of Franco-Nevada from $138.00 to $141.00 and gave the company an "outperform" rating in a research note on Thursday, April 11th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $148.60.

Franco-Nevada Company Profile

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.