Wheaton Precious Metals Corp (WPM) Expected to Announce Earnings of $0.13 Per Share
Equities analysts expect Wheaton Precious Metals Corp (NYSE:WPM) to report $0.13 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Wheaton Precious Metals’ earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.10. Wheaton Precious Metals posted earnings per share of $0.15 during the same quarter last year, which would indicate a negative year-over-year growth rate of 13.3%. The business is expected to announce its next earnings results on Thursday, November 8th.
According to Zacks, analysts expect that Wheaton Precious Metals will report full year earnings of $0.56 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $0.61. For the next financial year, analysts forecast that the business will post earnings of $0.65 per share, with EPS estimates ranging from $0.49 to $0.81. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Wheaton Precious Metals.
Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Tuesday, August 14th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Wheaton Precious Metals had a return on equity of 5.80% and a net margin of 36.76%. The company had revenue of $212.40 million for the quarter, compared to the consensus estimate of $203.92 million. During the same quarter last year, the company earned $0.15 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Cerebellum GP LLC boosted its holdings in Wheaton Precious Metals by 919.2% in the second quarter. Cerebellum GP LLC now owns 8,286 shares of the company’s stock worth $183,000 after acquiring an additional 7,473 shares in the last quarter. Marietta Investment Partners LLC acquired a new stake in Wheaton Precious Metals in the second quarter worth about $210,000. Greenleaf Trust acquired a new stake in Wheaton Precious Metals in the second quarter worth about $210,000. MAI Capital Management acquired a new stake in Wheaton Precious Metals in the second quarter worth about $214,000. Finally, Timber Hill LLC acquired a new stake in Wheaton Precious Metals in the first quarter worth about $211,000. 52.19% of the stock is owned by institutional investors and hedge funds.
Shares of WPM stock opened at $16.53 on Friday. Wheaton Precious Metals has a 1-year low of $15.18 and a 1-year high of $22.86. The stock has a market cap of $7.07 billion, a P/E ratio of 26.24, a P/E/G ratio of 5.72 and a beta of 0.22. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.76 and a current ratio of 4.76.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Wednesday, August 29th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Tuesday, August 28th. Wheaton Precious Metals’s dividend payout ratio is presently 57.14%.
About Wheaton Precious Metals
Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.
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