Wheaton Precious Metals Corp (WPM) Expected to Post Quarterly Sales of $202.42 Million
Analysts expect Wheaton Precious Metals Corp (NYSE:WPM) to report sales of $202.42 million for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Wheaton Precious Metals’ earnings, with estimates ranging from $189.00 million to $213.16 million. Wheaton Precious Metals reported sales of $203.03 million in the same quarter last year, which indicates a negative year over year growth rate of 0.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 8th.
According to Zacks, analysts expect that Wheaton Precious Metals will report full year sales of $807.55 million for the current fiscal year, with estimates ranging from $753.00 million to $842.00 million. For the next financial year, analysts anticipate that the business will post sales of $900.39 million per share, with estimates ranging from $791.00 million to $1.01 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Wheaton Precious Metals.
Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Tuesday, August 14th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Wheaton Precious Metals had a net margin of 36.76% and a return on equity of 5.80%. The business had revenue of $212.40 million for the quarter, compared to analysts’ expectations of $203.92 million. During the same period in the previous year, the company earned $0.15 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year.
Wheaton Precious Metals stock traded down $0.09 during midday trading on Tuesday, hitting $16.92. 2,946,623 shares of the stock were exchanged, compared to its average volume of 2,813,902. Wheaton Precious Metals has a 52-week low of $15.18 and a 52-week high of $22.86. The stock has a market cap of $7.51 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 6.07 and a beta of 0.21. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.76 and a current ratio of 4.76.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Investors of record on Wednesday, August 29th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.13%. The ex-dividend date was Tuesday, August 28th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 57.14%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WPM. Cerebellum GP LLC boosted its stake in Wheaton Precious Metals by 919.2% in the second quarter. Cerebellum GP LLC now owns 8,286 shares of the company’s stock valued at $183,000 after acquiring an additional 7,473 shares during the last quarter. Greenleaf Trust purchased a new position in Wheaton Precious Metals in the second quarter valued at about $210,000. Marietta Investment Partners LLC purchased a new position in Wheaton Precious Metals in the second quarter valued at about $210,000. MAI Capital Management purchased a new position in Wheaton Precious Metals in the second quarter valued at about $214,000. Finally, Edgestream Partners L.P. purchased a new position in Wheaton Precious Metals in the second quarter valued at about $228,000. Hedge funds and other institutional investors own 52.19% of the company’s stock.
Wheaton Precious Metals Company Profile
Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.
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