Equities analysts predict that Franco Nevada Corp (NYSE:FNV) (TSE:FNV) will announce earnings per share (EPS) of $0.30 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Franco Nevada’s earnings, with estimates ranging from $0.27 to $0.32. Franco Nevada reported earnings of $0.29 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 3.4%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, August 14th.

On average, analysts expect that Franco Nevada will report full year earnings of $1.30 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.42. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.51 per share, with EPS estimates ranging from $1.28 to $1.72. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Franco Nevada.

Franco Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Wednesday, May 8th. The basic materials company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.07. Franco Nevada had a net margin of 21.16% and a return on equity of 4.64%. The firm had revenue of $179.80 million during the quarter, compared to the consensus estimate of $166.15 million.

Several research firms have recently weighed in on FNV. Raymond James reiterated an “outperform” rating and issued a $87.00 price target on shares of Franco Nevada in a report on Friday, May 10th. TD Securities upped their price target on shares of Franco Nevada from $90.00 to $92.00 and gave the company a “buy” rating in a report on Friday, May 10th. ValuEngine cut shares of Franco Nevada from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Deutsche Bank upped their price target on shares of Franco Nevada from $73.50 to $75.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. Finally, Barclays cut shares of Franco Nevada from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $74.00 to $73.00 in a report on Tuesday, April 9th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Franco Nevada has an average rating of “Hold” and an average target price of $90.00.

Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its holdings in Franco Nevada by 42.1% during the fourth quarter. Advisory Services Network LLC now owns 729 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 216 shares during the last quarter. Gulf International Bank UK Ltd boosted its holdings in Franco Nevada by 7.3% during the first quarter. Gulf International Bank UK Ltd now owns 3,655 shares of the basic materials company’s stock worth $274,000 after purchasing an additional 250 shares during the last quarter. Stevens Capital Management LP boosted its holdings in Franco Nevada by 6.8% during the first quarter. Stevens Capital Management LP now owns 4,119 shares of the basic materials company’s stock worth $309,000 after purchasing an additional 261 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Franco Nevada by 57.7% during the fourth quarter. Parallel Advisors LLC now owns 793 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 290 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in Franco Nevada by 83.0% during the first quarter. Quadrant Capital Group LLC now owns 745 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 338 shares during the last quarter. Institutional investors own 67.55% of the company’s stock.

NYSE:FNV traded up $0.61 during trading hours on Friday, hitting $75.92. The stock had a trading volume of 447,074 shares, compared to its average volume of 544,710. The company has a market capitalization of $14.20 billion, a PE ratio of 64.89, a PEG ratio of 14.50 and a beta of 0.10. Franco Nevada has a one year low of $58.26 and a one year high of $78.82. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.14 and a current ratio of 4.14.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Wednesday, June 12th. This is a boost from Franco Nevada’s previous quarterly dividend of $0.24. Franco Nevada’s dividend payout ratio is 82.05%.

Franco Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.

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Earnings History and Estimates for Franco Nevada (NYSE:FNV)

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