Raymond James Has Weak Forecast for TSE:DIV FY2024 Earnings

Diversified Royalty Corp. (TSE:DIV - Free Report) - Equities research analysts at Raymond James dropped their FY2024 EPS estimates for Diversified Royalty in a research report issued on Thursday, November 7th. Raymond James analyst M. Glen now expects that the company will post earnings per share of $0.18 for the year, down from their previous forecast of $0.19. The consensus estimate for Diversified Royalty's current full-year earnings is $0.20 per share.

DIV has been the topic of several other reports. Ventum Financial set a C$4.00 target price on shares of Diversified Royalty and gave the stock a "buy" rating in a research report on Tuesday, September 24th. Ventum Cap Mkts raised shares of Diversified Royalty to a "strong-buy" rating in a research report on Tuesday, September 24th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Diversified Royalty presently has a consensus rating of "Moderate Buy" and an average target price of C$3.80.

Diversified Royalty Trading Up 0.3 %

Shares of TSE DIV traded up C$0.01 during midday trading on Monday, reaching C$3.05. 82,987 shares of the stock were exchanged, compared to its average volume of 232,177. The company has a market capitalization of C$504.62 million, a P/E ratio of 14.52 and a beta of 1.57. Diversified Royalty has a 52-week low of C$2.52 and a 52-week high of C$3.09. The company has a current ratio of 5.73, a quick ratio of 1.74 and a debt-to-equity ratio of 89.69. The stock has a 50 day moving average price of C$2.96 and a 200-day moving average price of C$2.83.

Diversified Royalty (TSE:DIV - Get Free Report) last posted its earnings results on Friday, August 9th. The company reported C$0.05 earnings per share for the quarter, meeting the consensus estimate of C$0.05. Diversified Royalty had a net margin of 51.17% and a return on equity of 12.02%. The firm had revenue of C$16.78 million during the quarter, compared to the consensus estimate of C$17.50 million.

Diversified Royalty Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 29th will be given a dividend of $0.021 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.25 dividend on an annualized basis and a yield of 8.26%. Diversified Royalty's dividend payout ratio (DPR) is 119.05%.

Diversified Royalty Company Profile

Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks.