Wall Street brokerages forecast that Wheaton Precious Metals Corp. (NYSE:WPM) will report $322.80 million in sales for the current quarter, Zacks reports. Twelve analysts have issued estimates for Wheaton Precious Metals’ earnings, with the highest sales estimate coming in at $367.76 million and the lowest estimate coming in at $281.26 million. Wheaton Precious Metals posted sales of $247.95 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 30.2%. The company is expected to report its next earnings results on Wednesday, August 11th.
On average, analysts expect that Wheaton Precious Metals will report full year sales of $1.33 billion for the current year, with estimates ranging from $1.21 billion to $1.49 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.40 billion, with estimates ranging from $1.23 billion to $1.71 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Wheaton Precious Metals.
Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, May 6th. The company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. The firm had revenue of $324.12 million for the quarter, compared to analysts’ expectations of $335.94 million. Wheaton Precious Metals had a return on equity of 6.50% and a net margin of 37.30%. The company’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 earnings per share.
WPM opened at $45.20 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.73 and a current ratio of 2.73. The stock has a market cap of $20.34 billion, a price-to-earnings ratio of 57.22, a P/E/G ratio of 8.78 and a beta of 0.55. The stock’s 50 day moving average price is $41.54 and its 200-day moving average price is $41.25. Wheaton Precious Metals has a one year low of $34.85 and a one year high of $57.89.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 3rd. Investors of record on Friday, May 21st will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.24%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, May 20th. Wheaton Precious Metals’s dividend payout ratio is presently 57.14%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WPM. K2 Principal Fund L.P. acquired a new stake in Wheaton Precious Metals during the 1st quarter worth about $2,675,000. Brown Advisory Securities LLC grew its position in Wheaton Precious Metals by 21.6% during the 1st quarter. Brown Advisory Securities LLC now owns 6,080 shares of the company’s stock worth $232,000 after purchasing an additional 1,080 shares during the period. Greenline Partners LLC grew its position in Wheaton Precious Metals by 3.4% during the 1st quarter. Greenline Partners LLC now owns 144,411 shares of the company’s stock worth $5,518,000 after purchasing an additional 4,733 shares during the period. Banco de Sabadell S.A grew its position in Wheaton Precious Metals by 9.1% during the 1st quarter. Banco de Sabadell S.A now owns 8,000 shares of the company’s stock worth $305,000 after purchasing an additional 670 shares during the period. Finally, APG Asset Management N.V. grew its position in Wheaton Precious Metals by 1.1% during the 1st quarter. APG Asset Management N.V. now owns 4,835,607 shares of the company’s stock worth $157,179,000 after purchasing an additional 54,642 shares during the period. 59.45% of the stock is currently owned by hedge funds and other institutional investors.
About Wheaton Precious Metals
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 24 operating mining assets and 7 development stage projects. The company was formerly known as Silver Wheaton Corp.
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