Diversified Royalty Corp. (TSE:DIV - Free Report) - Equities research analysts at Ventum Cap Mkts issued their Q3 2024 earnings estimates for Diversified Royalty in a report issued on Tuesday, September 24th. Ventum Cap Mkts analyst D. Schilling expects that the company will post earnings per share of $0.05 for the quarter. Ventum Cap Mkts currently has a "Strong-Buy" rating on the stock. The consensus estimate for Diversified Royalty's current full-year earnings is $0.20 per share. Ventum Cap Mkts also issued estimates for Diversified Royalty's Q4 2024 earnings at $0.05 EPS.
Separately, Ventum Financial set a C$4.00 price target on shares of Diversified Royalty and gave the company a "buy" rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Diversified Royalty presently has a consensus rating of "Moderate Buy" and a consensus price target of C$3.60.
Read Our Latest Stock Report on Diversified Royalty
Diversified Royalty Price Performance
Shares of Diversified Royalty stock traded up C$0.04 during midday trading on Thursday, reaching C$2.96. The company had a trading volume of 432,362 shares, compared to its average volume of 236,428. 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 company has a market capitalization of C$489.73 million, a price-to-earnings ratio of 14.10 and a beta of 1.56. The stock has a fifty day simple moving average of C$2.81 and a 200 day simple moving average of C$2.80. Diversified Royalty has a 1-year low of C$2.35 and a 1-year high of C$2.97.
Diversified Royalty (TSE:DIV - Get Free Report) last issued its quarterly earnings results on Friday, August 9th. The company reported C$0.05 earnings per share for the quarter, meeting analysts' consensus estimates of C$0.05. The business had revenue of C$16.78 million during the quarter, compared to analyst estimates of C$17.50 million. Diversified Royalty had a net margin of 51.17% and a return on equity of 12.02%.
Diversified Royalty Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.021 per share. This represents a $0.25 dividend on an annualized basis and a yield of 8.51%. The ex-dividend date is Friday, September 13th. Diversified Royalty's dividend payout ratio is presently 119.05%.
About Diversified Royalty
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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.
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