What is Raymond James’ Forecast for TSE:DIV FY2024 Earnings?

Diversified Royalty Corp. (TSE:DIV) – Analysts at Raymond James decreased their FY2024 EPS estimates for shares of Diversified Royalty in a research note issued to investors on Thursday, November 7th. Raymond James analyst M. Glen now anticipates that the company will post earnings per share of $0.18 for the year, down from their prior 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 Cap Mkts raised Diversified Royalty to a “strong-buy” rating in a report on Tuesday, September 24th. Ventum Financial set a C$4.00 price target on Diversified Royalty and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$3.80.

Diversified Royalty Stock Performance

Shares of DIV opened at C$3.04 on Monday. The company has a quick ratio of 1.74, a current ratio of 5.73 and a debt-to-equity ratio of 89.69. The stock has a market cap of C$502.97 million, a P/E ratio of 14.48 and a beta of 1.57. The business’s 50 day moving average price is C$2.96 and its 200-day moving average price is C$2.83. Diversified Royalty has a 52 week low of C$2.52 and a 52 week high of C$3.09.

Diversified Royalty (TSE:DIV) last announced its 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. Diversified Royalty had a net margin of 51.17% and a return on equity of 12.02%. The business 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 disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.021 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.25 annualized dividend and a yield of 8.29%. Diversified Royalty’s dividend payout ratio (DPR) is presently 119.05%.

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.