Franco Nevada Corp (FNV) Expected to Post Q1 2018 Earnings of $0.27 Per Share

Franco Nevada Corp (NYSE:FNV) (TSE:FNV) – National Bank Financial issued their Q1 2018 earnings per share estimates for Franco Nevada in a note issued to investors on Wednesday. National Bank Financial analyst S. Nagle expects that the basic materials company will earn $0.27 per share for the quarter. National Bank Financial also issued estimates for Franco Nevada’s Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.27 EPS and Q4 2018 earnings at $0.27 EPS.

How to Become a New Pot Stock Millionaire

Franco Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Wednesday, March 7th. The basic materials company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). Franco Nevada had a return on equity of 4.44% and a net margin of 28.84%. The company had revenue of $167.00 million for the quarter, compared to analysts’ expectations of $171.99 million. During the same quarter in the previous year, the business earned $0.24 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis.

FNV has been the subject of several other research reports. Zacks Investment Research lowered shares of Franco Nevada from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Raymond James Financial reduced their price objective on shares of Franco Nevada from $93.00 to $90.00 and set an “outperform” rating for the company in a research note on Tuesday, January 23rd. Credit Suisse Group set a $80.00 price objective on shares of Franco Nevada and gave the company a “hold” rating in a research note on Monday, January 22nd. Scotiabank set a $86.00 price objective on shares of Franco Nevada and gave the company a “hold” rating in a research note on Monday, January 22nd. Finally, Desjardins reiterated a “sell” rating on shares of Franco Nevada in a research note on Monday, December 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Franco Nevada currently has a consensus rating of “Hold” and a consensus price target of $88.00.

Shares of Franco Nevada (NYSE FNV) opened at $68.17 on Friday. Franco Nevada has a one year low of $60.57 and a one year high of $86.06. The stock has a market cap of $12,570.00, a P/E ratio of 64.31, a PEG ratio of 14.44 and a beta of -0.02.

Institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its stake in Franco Nevada by 453.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,922 shares of the basic materials company’s stock valued at $149,000 after buying an additional 1,575 shares in the last quarter. American International Group Inc. bought a new position in Franco Nevada in the 4th quarter valued at $197,000. Gratus Capital LLC bought a new position in Franco Nevada in the 3rd quarter valued at $201,000. Cigna Investments Inc. New bought a new position in Franco Nevada in the 4th quarter valued at $203,000. Finally, Compagnie Lombard Odier SCmA boosted its holdings in Franco Nevada by 52.6% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 2,900 shares of the basic materials company’s stock valued at $232,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 61.12% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.92 dividend on an annualized basis and a yield of 1.35%. Franco Nevada’s dividend payout ratio is 86.79%.

WARNING: “Franco Nevada Corp (FNV) Expected to Post Q1 2018 Earnings of $0.27 Per Share” was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://sportsperspectives.com/2018/03/10/franco-nevada-corp-fnv-expected-to-post-q1-2018-earnings-of-0-27-per-share.html.

Franco Nevada Company Profile

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.

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

Receive News & Ratings for Franco Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco Nevada and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply