Franco-Nevada (NYSE:FNV) Releases Earnings Results, Beats Estimates By $0.08 EPS

Franco-Nevada (NYSE:FNV) (TSE:FNV) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08, Briefing.com reports. The business had revenue of $256.80 million during the quarter, compared to analyst estimates of $250.50 million. Franco-Nevada had a negative net margin of 39.88% and a positive return on equity of 10.57%. The company’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.79 earnings per share.

Franco-Nevada Price Performance

FNV traded up $2.33 during trading hours on Friday, reaching $123.24. 683,801 shares of the stock traded hands, compared to its average volume of 732,084. Franco-Nevada has a fifty-two week low of $102.29 and a fifty-two week high of $161.25. The company has a market cap of $23.70 billion, a price-to-earnings ratio of -48.59, a PEG ratio of 6.22 and a beta of 0.72. The firm’s fifty day simple moving average is $116.43 and its two-hundred day simple moving average is $115.38.

Franco-Nevada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be paid a $0.36 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.44 annualized dividend and a dividend yield of 1.17%. Franco-Nevada’s dividend payout ratio (DPR) is presently -54.62%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FNV. Bank of America lowered their target price on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating for the company in a report on Monday, March 18th. Jefferies Financial Group boosted their target price on shares of Franco-Nevada from $117.00 to $129.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Raymond James boosted their target price on shares of Franco-Nevada from $138.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. TheStreet downgraded shares of Franco-Nevada from a “c+” rating to a “d+” rating in a report on Tuesday, March 5th. Finally, Scotiabank boosted their target price on shares of Franco-Nevada from $139.00 to $140.00 and gave the company a “sector perform” rating in a report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $148.60.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.