Franco-Nevada (FNV) Scheduled to Post Quarterly Earnings on Wednesday

Franco-Nevada (NYSE:FNV) (TSE:FNV) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The business had revenue of $260.10 million for the quarter, compared to analyst estimates of $277.44 million. Franco-Nevada had a negative net margin of 51.64% and a positive return on equity of 10.56%. Franco-Nevada’s revenue for the quarter was down 21.2% on a year-over-year basis. During the same period last year, the business posted $0.95 earnings per share. On average, analysts expect Franco-Nevada to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Franco-Nevada Price Performance

Franco-Nevada stock opened at $132.01 on Tuesday. The stock has a market capitalization of $25.41 billion, a PE ratio of -43.42, a price-to-earnings-growth ratio of 22.19 and a beta of 0.75. Franco-Nevada has a 12-month low of $102.29 and a 12-month high of $137.60. The firm has a 50 day simple moving average of $126.03 and a 200-day simple moving average of $123.87.

Franco-Nevada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.44 annualized dividend and a yield of 1.09%. Franco-Nevada’s dividend payout ratio is currently -47.37%.

Analyst Upgrades and Downgrades

Several analysts recently commented on FNV shares. HC Wainwright reissued a “buy” rating and set a $185.00 target price on shares of Franco-Nevada in a research note on Friday, August 16th. Scotiabank increased their target price on Franco-Nevada from $141.00 to $142.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. TD Cowen raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, StockNews.com raised shares of Franco-Nevada from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $154.57.

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.