Zacks: Analysts Anticipate Silver Wheaton Corp (WPM) Will Post Quarterly Sales of $225.39 Million
Equities research analysts forecast that Silver Wheaton Corp (NYSE:WPM) will post sales of $225.39 million for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for Silver Wheaton Corp’s earnings. The lowest sales estimate is $202.92 million and the highest is $245.32 million. Silver Wheaton Corp posted sales of $258.00 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 12.6%. The company is expected to issue its next quarterly earnings results on Tuesday, March 20th.
On average, analysts expect that Silver Wheaton Corp will report full-year sales of $225.39 million for the current year, with estimates ranging from $803.35 million to $904.40 million. For the next fiscal year, analysts anticipate that the business will report sales of $907.74 million per share, with estimates ranging from $801.00 million to $1.03 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Silver Wheaton Corp.
Silver Wheaton Corp (NYSE:WPM) last announced its earnings results on Thursday, November 9th. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ 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. The firm’s revenue was down 13.0% compared to the same quarter last year.
WPM has been the topic of several analyst reports. Royal Bank Of Canada set a $27.00 target price on Silver Wheaton Corp and gave the company a “buy” rating in a report on Monday, August 28th. Zacks Investment Research raised Silver Wheaton Corp from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. TD Securities set a $28.00 price target on Silver Wheaton Corp and gave the company a “buy” rating in a research note on Friday, October 20th. BMO Capital Markets reissued a “buy” rating and issued a $28.00 price target on shares of Silver Wheaton Corp in a research note on Wednesday, September 6th. Finally, TheStreet raised Silver Wheaton Corp from a “c+” rating to a “b-” rating in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $26.00.
Several large investors have recently modified their holdings of WPM. Alliancebernstein L.P. raised its position in shares of Silver Wheaton Corp by 7.3% during the first quarter. Alliancebernstein L.P. now owns 112,266 shares of the company’s stock worth $2,340,000 after purchasing an additional 7,591 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Silver Wheaton Corp by 5.0% during the first quarter. PNC Financial Services Group Inc. now owns 9,778 shares of the company’s stock worth $204,000 after purchasing an additional 470 shares during the period. Vanguard Group Inc. raised its position in shares of Silver Wheaton Corp by 4.5% during the first quarter. Vanguard Group Inc. now owns 10,024,498 shares of the company’s stock worth $208,911,000 after purchasing an additional 431,493 shares during the period. Geode Capital Management LLC raised its position in shares of Silver Wheaton Corp by 7.7% during the first quarter. Geode Capital Management LLC now owns 223,032 shares of the company’s stock worth $4,622,000 after purchasing an additional 15,943 shares during the period. Finally, Capstone Asset Management Co. acquired a new position in shares of Silver Wheaton Corp during the second quarter worth approximately $1,082,000. 51.39% of the stock is currently owned by institutional investors.
Shares of Silver Wheaton Corp (NYSE:WPM) traded up $0.07 during mid-day trading on Friday, reaching $20.21. The company had a trading volume of 2,792,300 shares, compared to its average volume of 3,216,876. Silver Wheaton Corp has a 1-year low of $16.94 and a 1-year high of $23.06. The company has a market capitalization of $8,940.00, a PE ratio of 31.97, a PEG ratio of 6.65 and a beta of 0.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 7.24 and a quick ratio of 7.24.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Monday, November 27th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, November 24th. Silver Wheaton Corp’s payout ratio is 85.11%.
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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