Freehold Royalties (FRHLF) Expected to Announce Earnings on Wednesday

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

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

Freehold Royalties Stock Performance

OTCMKTS:FRHLF opened at $11.88 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.73. The company has a fifty day moving average of $12.05 and a two-hundred day moving average of $12.21. The stock has a market capitalization of $1.95 billion and a PE ratio of 30.46. Freehold Royalties has a fifty-two week low of $9.38 and a fifty-two week high of $13.58.

Analysts Set New Price Targets

Several analysts have recently issued reports on FRHLF shares. Royal Bank Of Canada upgraded shares of Freehold Royalties to a “hold” rating in a research report 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 cut 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 company 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.