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

Freehold Royalties (OTCMKTS:FRHLF) is expected to be posting its resultson Wednesday, July 29th. Analysts expect Freehold Royalties to announce earnings of $0.1901 per share and revenue of $57.1680 million for the quarter.

Freehold Royalties (OTCMKTS:FRHLF) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. Freehold Royalties had a return on equity of 8.84% and a net margin of 29.91%.The company had revenue of $55.93 million for the quarter, compared to analyst estimates of $55.95 million.

Freehold Royalties Stock Down 2.0%

FRHLF opened at $11.79 on Tuesday. The business’s 50-day simple moving average is $11.97 and its 200-day simple moving average is $12.24. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.73. Freehold Royalties has a one year low of $9.38 and a one year high of $13.58. The stock has a market capitalization of $1.93 billion and a P/E ratio of 30.23.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank Of Canada upgraded Freehold Royalties to a “hold” rating in a research note on Monday, April 13th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Freehold Royalties in a research note on Wednesday, May 13th. Finally, Raymond James Financial downgraded Freehold Royalties from a “moderate buy” rating to a “hold” rating in a report on Monday, March 30th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average 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.