Equities research analysts expect Wheaton Precious Metals Corp. (NYSE:WPM – Get Rating) to announce $307.61 million in sales for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Wheaton Precious Metals’ earnings, with the highest sales estimate coming in at $369.41 million and the lowest estimate coming in at $273.00 million. Wheaton Precious Metals reported sales of $324.12 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.1%. The company is scheduled to announce its next earnings report after the market closes on Monday, January 1st.
On average, analysts expect that Wheaton Precious Metals will report full-year sales of $1.27 billion for the current fiscal year, with estimates ranging from $1.11 billion to $1.39 billion. For the next financial year, analysts expect that the company will post sales of $1.35 billion, with estimates ranging from $1.17 billion to $1.56 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Wheaton Precious Metals.
Wheaton Precious Metals (NYSE:WPM – Get Rating) last released its earnings results on Thursday, March 10th. The company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). The firm had revenue of $278.20 million for the quarter, compared to analysts’ expectations of $287.99 million. Wheaton Precious Metals had a return on equity of 9.86% and a net margin of 62.82%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 earnings per share.
Shares of Wheaton Precious Metals stock opened at $51.29 on Monday. The firm has a market capitalization of $23.12 billion, a P/E ratio of 30.53, a P/E/G ratio of 7.25 and a beta of 0.48. Wheaton Precious Metals has a 52 week low of $36.39 and a 52 week high of $51.85. The firm’s 50 day moving average is $46.56 and its two-hundred day moving average is $42.87.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 7th. Investors of record on Thursday, March 24th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Wednesday, March 23rd. Wheaton Precious Metals’s dividend payout ratio is presently 35.71%.
Institutional investors have recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ lifted its holdings in Wheaton Precious Metals by 16.4% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 73,732 shares of the company’s stock valued at $2,771,000 after acquiring an additional 10,385 shares during the period. Comerica Bank lifted its holdings in Wheaton Precious Metals by 30.5% in the third quarter. Comerica Bank now owns 32,852 shares of the company’s stock valued at $1,387,000 after acquiring an additional 7,670 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Wheaton Precious Metals by 12.8% in the third quarter. Rockefeller Capital Management L.P. now owns 72,392 shares of the company’s stock valued at $2,720,000 after acquiring an additional 8,202 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Wheaton Precious Metals in the fourth quarter valued at $237,000. Finally, Two Sigma Advisers LP increased its position in shares of Wheaton Precious Metals by 123.7% in the third quarter. Two Sigma Advisers LP now owns 367,404 shares of the company’s stock valued at $13,807,000 after buying an additional 203,200 shares in the last quarter. 68.35% of the stock is owned by institutional investors.
Wheaton Precious Metals Company Profile (Get Rating)
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 23 operating mining assets and 10 development stage projects. The company was formerly known as Silver Wheaton Corp.
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