Franco-Nevada Corporation financial reporting

Overview

Franco-Nevada Corporation has reported its second-quarter financial results, noting a quarterly revenue of $580.90 million. While this represents a 57.3% increase compared to the same quarter last year, the reported earnings per share of $1.81 fell below the consensus estimate of $1.95.

The company announced a quarterly dividend of $0.44 per share, with payments scheduled for September 24 for shareholders of record as of September 10.

Institutional interest in the company remains high, with institutional ownership reaching 77.06%. Notable activity includes an investment of approximately $17.55 million by Alberta Investment Management Corp, which acquired 84,206 shares, and a 32.7% increase in position by Swiss Life Asset Management Ltd. Analyst sentiment is characterized as a ‘Moderate Buy’ among fifteen brokerages.

Entities

Bank of America · HC Wainwright · Alberta Investment Management Corp · Scotiabank · TD Cowen

Timeline

1 day ago

[BUSINESS] 2 sources
Franco-Nevada Corporation sees $17.55M investment from Alberta Investment Management Corp
Alberta Investment Management Corp invested $17.55 million in Franco-Nevada Corporation, while analysts provide mixed earnings forecasts following a quarterly revenue increase of 57.3%.
6 days ago

[BUSINESS] 3 sources
Franco-Nevada Corporation declares dividend and reports Q2 earnings
Franco-Nevada Corporation declared a $0.44 quarterly dividend and reported Q2 earnings of $1.81 per share, slightly missing analyst estimates. Analysts maintain a consensus “Moderate Buy” rating.

Sources

mommygearest.com · seekingalpha.com · stocknews.com