Franco-Nevada (NYSE:FNV) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Franco-Nevada (NYSE:FNV) (TSE:FNV) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03), Briefing.com reports. Franco-Nevada had a positive return on equity of 10.56% and a negative net margin of 51.64%. The firm had revenue of $275.70 million for the quarter, compared to analysts’ expectations of $279.11 million. During the same period in the prior year, the firm earned $0.91 earnings per share. Franco-Nevada’s revenue was down 10.9% compared to the same quarter last year.

Franco-Nevada Stock Down 4.4 %

FNV traded down $5.77 during trading hours on Thursday, hitting $126.41. The stock had a trading volume of 1,183,548 shares, compared to its average volume of 654,686. Franco-Nevada has a 1 year low of $102.29 and a 1 year high of $137.60. The company’s fifty day simple moving average is $126.57 and its 200 day simple moving average is $124.09. The stock has a market cap of $24.33 billion, a PE ratio of -43.48, a price-to-earnings-growth ratio of 22.08 and a beta of 0.75.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.44 annualized dividend and a dividend yield of 1.14%. Franco-Nevada’s payout ratio is -47.37%.

Wall Street Analyst Weigh In

Several research firms have commented on FNV. TD Cowen raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Jefferies Financial Group dropped their price target on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. StockNews.com upgraded Franco-Nevada from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. HC Wainwright reiterated a “buy” rating and set a $185.00 target price on shares of Franco-Nevada in a research note on Friday, August 16th. Finally, TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

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.