Diversified Royalty (DIV) Scheduled to Post Earnings on Wednesday

Diversified Royalty (TSE:DIV - Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Diversified Royalty to post earnings of C$0.04 per share for the quarter.

Diversified Royalty (TSE:DIV - Get Free Report) last posted its quarterly earnings data on Friday, August 9th. The company reported C$0.05 earnings per share for the quarter, hitting the consensus estimate of C$0.05. The company 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 Price Performance

TSE DIV traded down C$0.02 during trading hours on Wednesday, reaching C$2.97. 97,499 shares of the company's stock were exchanged, compared to its average volume of 234,055. The firm has a fifty day moving average of C$2.94 and a 200-day moving average of C$2.83. Diversified Royalty has a one year low of C$2.41 and a one year high of C$3.09. The stock has a market cap of C$491.39 million, a PE ratio of 14.14 and a beta of 1.57. The company has a current ratio of 5.73, a quick ratio of 1.74 and a debt-to-equity ratio of 89.69.

Diversified Royalty Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.021 per share. This represents a $0.25 annualized dividend and a dividend yield of 8.48%. The ex-dividend date is Tuesday, October 15th. Diversified Royalty's payout ratio is presently 119.05%.

Analysts Set New Price Targets

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

About Diversified Royalty

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.