Freehold Royalties (FRHLF) Expected to Announce Quarterly Earnings on Tuesday

Freehold Royalties (OTCMKTS:FRHLF) is expected to be announcing its results after the market closes on Tuesday, May 12th. Analysts expect the company to announce earnings of $0.1294 per share and revenue of $52.0440 million for the quarter.

Freehold Royalties (OTCMKTS:FRHLF) last posted its earnings results on Wednesday, March 11th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The firm had revenue of $50.83 million for the quarter. Freehold Royalties had a return on equity of 8.79% and a net margin of 29.19%.

Freehold Royalties Stock Performance

Freehold Royalties stock opened at $12.66 on Monday. The firm’s 50 day simple moving average is $12.66 and its 200 day simple moving average is $11.64. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $2.08 billion and a PE ratio of 31.65. Freehold Royalties has a 1-year low of $8.25 and a 1-year high of $13.58.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FRHLF shares. Raymond James Financial lowered shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating in a report on Monday, March 30th. Canadian Imperial Bank of Commerce raised shares of Freehold Royalties to a “hold” rating in a report on Thursday, March 12th. Desjardins raised shares of Freehold Royalties to a “hold” rating in a report on Friday, March 13th. Finally, Royal Bank Of Canada raised shares of Freehold Royalties to a “hold” rating in a report on Monday, April 13th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Freehold Royalties has a consensus rating of “Hold”.

Freehold Royalties Company Profile

Freehold Royalties Ltd is a Canadian energy company focused on the acquisition and management of petroleum and natural gas royalty interests. Rather than directly exploring or producing hydrocarbons, Freehold earns a portion of production revenue from wells operated by third parties. The company’s portfolio spans a variety of royalty structures, including freehold and other non-operated interests, which provide exposure to oil, natural gas and natural gas liquids without bearing the full costs and risks of exploration and development.

Freehold’s assets are concentrated in the Western Canadian Sedimentary Basin, with significant royalty interests in Alberta and British Columbia.