Sprott (NYSE:SII) Posts Quarterly Earnings Results

Sprott (NYSE:SII) issued its earnings results on Wednesday. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.34 by $0.12, Zacks reports. The company had revenue of $36.80 million for the quarter, compared to analyst estimates of $38.45 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Trading Down 3.5 %

Shares of SII stock opened at $42.21 on Friday. The firm has a 50-day moving average price of $42.69 and a 200 day moving average price of $43.01. Sprott has a twelve month low of $34.51 and a twelve month high of $48.00. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 23.19 and a beta of 1.08. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06.

Sprott Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.84%. Sprott’s dividend payout ratio is presently 65.93%.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group began coverage on shares of Sprott in a research report on Tuesday, January 21st. They set a “buy” rating on the stock.

Sprott Company Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.