Diversified Royalty (TSE:DIV – Get Free Report) is set to issue its quarterly earnings data after the market closes on Friday, August 9th. Analysts expect the company to announce earnings of C$0.05 per share for the quarter.
Diversified Royalty (TSE:DIV – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.05 earnings per share for the quarter, topping the consensus estimate of C$0.04 by C$0.01. Diversified Royalty had a net margin of 54.93% and a return on equity of 12.42%. The company had revenue of C$15.08 million for the quarter, compared to the consensus estimate of C$16.06 million.
Diversified Royalty Stock Performance
TSE:DIV traded down C$0.03 during midday trading on Monday, hitting C$2.74. The company’s stock had a trading volume of 408,162 shares, compared to its average volume of 230,019. Diversified Royalty has a fifty-two week low of C$2.35 and a fifty-two week high of C$2.97. The firm’s 50 day moving average is C$2.73 and its 200-day moving average is C$2.79. The company has a debt-to-equity ratio of 87.46, a current ratio of 0.81 and a quick ratio of 1.74. The firm has a market cap of C$451.66 million, a P/E ratio of 12.45 and a beta of 1.59.
Diversified Royalty Announces Dividend
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. CIBC cut shares of Diversified Royalty from an “outperform” rating to a “neutral” rating in a research note on Monday, May 13th. Cibc World Mkts lowered Diversified Royalty from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 13th.
Get Our Latest Stock Report on Diversified Royalty
About Diversified Royalty
Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks.
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