Diversified Royalty Corp. Forecasted to Post FY2024 Earnings of $0.20 Per Share (TSE:DIV)

Diversified Royalty Corp. (TSE:DIV) – Ventum Cap Mkts issued their FY2024 EPS estimates for shares of Diversified Royalty in a research report issued to clients and investors on Tuesday, September 24th. Ventum Cap Mkts analyst D. Schilling anticipates that the company will post earnings per share of $0.20 for the year. 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 FY2025 earnings at $0.20 EPS.

Diversified Royalty (TSE:DIV) last released 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 business had revenue of C$16.78 million during the quarter, compared to analysts’ expectations of C$17.50 million. Diversified Royalty had a return on equity of 12.02% and a net margin of 51.17%.

Separately, Ventum Financial set a C$4.00 price objective on Diversified Royalty and gave the company a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$3.60.

Diversified Royalty Stock Up 0.7 %

DIV stock opened at C$2.98 on Friday. The company has a market capitalization of C$493.04 million, a price-to-earnings ratio of 14.19 and a beta of 1.56. The company has a debt-to-equity ratio of 89.69, a quick ratio of 1.74 and a current ratio of 5.73. The business’s 50 day moving average price is C$2.82 and its two-hundred day moving average price is C$2.80. Diversified Royalty has a fifty-two week low of C$2.35 and a fifty-two week high of C$2.99.

Diversified Royalty Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.021 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.25 annualized dividend and a dividend yield of 8.46%. Diversified Royalty’s dividend payout ratio (DPR) is presently 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.