Wall Street analysts expect that Wheaton Precious Metals Corp (NYSE:WPM) will announce $208.27 million in sales for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Wheaton Precious Metals’ earnings. The highest sales estimate is $221.59 million and the lowest is $192.84 million. Wheaton Precious Metals reported sales of $212.40 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.9%. The business is expected to announce its next quarterly earnings report on Tuesday, August 13th.
According to Zacks, analysts expect that Wheaton Precious Metals will report full year sales of $850.61 million for the current financial year, with estimates ranging from $797.00 million to $918.49 million. For the next financial year, analysts expect that the company will report sales of $925.34 million, with estimates ranging from $786.00 million to $1.14 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Wheaton Precious Metals.
Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. Wheaton Precious Metals had a return on equity of 3.86% and a net margin of 50.78%. The company had revenue of $225.05 million for the quarter, compared to the consensus estimate of $202.80 million.
Shares of WPM stock traded up $0.20 during midday trading on Friday, reaching $20.30. 1,490,183 shares of the stock were exchanged, compared to its average volume of 2,324,982. Wheaton Precious Metals has a 1 year low of $15.08 and a 1 year high of $25.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 42.29, a price-to-earnings-growth ratio of 7.37 and a beta of -0.05.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, May 23rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.77%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 75.00%.
Institutional investors have recently bought and sold shares of the stock. Legacy Bridge LLC purchased a new stake in shares of Wheaton Precious Metals in the 1st quarter worth approximately $54,000. Willingdon Wealth Management purchased a new stake in shares of Wheaton Precious Metals in the 1st quarter worth approximately $61,000. Beutel Goodman & Co Ltd. purchased a new stake in shares of Wheaton Precious Metals in the 1st quarter worth approximately $62,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Wheaton Precious Metals in the 1st quarter worth approximately $110,000. Finally, Midas Management Corp purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter worth approximately $117,000. Institutional investors own 55.56% of the company’s stock.
About Wheaton Precious Metals
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 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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