$0.17 EPS Expected for Silver Wheaton Corp (WPM) This Quarter
Equities analysts forecast that Silver Wheaton Corp (NYSE:WPM) will report earnings per share of $0.17 for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Silver Wheaton Corp’s earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.21. Silver Wheaton Corp posted earnings per share of $0.19 during the same quarter last year, which would suggest a negative year over year growth rate of 10.5%. The company is scheduled to report its next quarterly earnings results on Tuesday, March 20th.
According to Zacks, analysts expect that Silver Wheaton Corp will report full year earnings of $0.61 per share for the current financial year, with EPS estimates ranging from $0.57 to $0.67. For the next fiscal year, analysts expect that the firm will post earnings of $0.69 per share, with EPS estimates ranging from $0.52 to $0.91. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Silver Wheaton Corp.
Silver Wheaton Corp (NYSE:WPM) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.15. Silver Wheaton Corp had a return on equity of 5.57% and a net margin of 24.02%. The business had revenue of $203.00 million for the quarter, compared to analysts’ expectations of $220.84 million. Silver Wheaton Corp’s quarterly revenue was down 13.0% compared to the same quarter last year.
Several research firms recently commented on WPM. TheStreet raised Silver Wheaton Corp from a “c+” rating to a “b-” rating in a research report on Tuesday, October 24th. BMO Capital Markets reissued a “buy” rating and set a $28.00 target price on shares of Silver Wheaton Corp in a research note on Wednesday, September 6th. Zacks Investment Research raised Silver Wheaton Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Royal Bank Of Canada reissued an “outperform” rating and set a $25.00 target price (down previously from $27.00) on shares of Silver Wheaton Corp in a research note on Tuesday, September 5th. Finally, TD Securities set a $28.00 target price on Silver Wheaton Corp and gave the company a “buy” rating in a research note on Friday, October 20th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $27.40.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Silver Wheaton Corp during the 2nd quarter valued at approximately $146,000. Integrated Investment Consultants LLC purchased a new position in shares of Silver Wheaton Corp in the 2nd quarter worth approximately $159,000. First Manhattan Co. purchased a new position in shares of Silver Wheaton Corp in the 2nd quarter worth approximately $236,000. Atlantic Trust Group LLC purchased a new position in shares of Silver Wheaton Corp in the 2nd quarter worth approximately $238,000. Finally, IFP Advisors Inc purchased a new position in shares of Silver Wheaton Corp in the 2nd quarter worth approximately $393,000. Institutional investors and hedge funds own 48.22% of the company’s stock.
Silver Wheaton Corp (NYSE WPM) traded down $0.77 on Thursday, reaching $20.14. The company’s stock had a trading volume of 3,993,000 shares, compared to its average volume of 2,365,220. The company has a debt-to-equity ratio of 0.19, a quick ratio of 7.24 and a current ratio of 7.24. The company has a market capitalization of $8,901.98, a P/E ratio of 31.97, a price-to-earnings-growth ratio of 6.65 and a beta of 0.31. Silver Wheaton Corp has a twelve month low of $16.94 and a twelve month high of $23.06.
About Silver Wheaton Corp
Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.
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