Franco-Nevada (FNV) to Release Earnings on Wednesday

Franco-Nevada (NYSE:FNV) (TSE:FNV) is scheduled to 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. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Tuesday, March 5th. The basic materials company reported $0.90 EPS for the quarter, topping the consensus estimate 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 company had revenue of $303.30 million during 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 FNV opened at $122.93 on Monday. The firm has a fifty day moving average price of $115.31 and a 200 day moving average price of $115.51. The stock has a market cap of $23.64 billion, a PE ratio of -50.59, a price-to-earnings-growth ratio of 6.27 and a beta of 0.71. Franco-Nevada has a 1-year low of $102.29 and a 1-year high of $161.25.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.17%. Franco-Nevada’s dividend payout ratio is -55.97%.

Analyst Ratings Changes

A number of brokerages have recently commented on FNV. Bank of America cut their target price on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Raymond James increased their price objective on Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Scotiabank boosted their target price on Franco-Nevada from $139.00 to $140.00 and gave the company a “sector perform” rating in a report on Thursday, April 18th. Jefferies Financial Group upped their price target on Franco-Nevada from $117.00 to $129.00 and gave the stock a “hold” rating in a research note on Monday, April 22nd. Finally, TheStreet cut shares of Franco-Nevada from a “c+” rating to a “d+” rating in a research note on Tuesday, March 5th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company 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.