Silver Wheaton Corp. (SLW) Expected to Announce Earnings of $0.17 Per Share
Wall Street analysts expect Silver Wheaton Corp. (NYSE:SLW) (TSE:SLW) to report earnings of $0.17 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Silver Wheaton Corp.’s earnings, with estimates ranging from $0.13 to $0.25. Silver Wheaton Corp. posted earnings of $0.10 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 70%. The company is scheduled to announce its next earnings report before the market opens on Tuesday, May 9th.
According to Zacks, analysts expect that Silver Wheaton Corp. will report full year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.57 to $0.94. For the next financial year, analysts forecast that the company will post earnings of $0.78 per share, with EPS estimates ranging from $0.56 to $0.99. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Silver Wheaton Corp..
Silver Wheaton Corp. (NYSE:SLW) last released its quarterly earnings data on Tuesday, March 21st. The mining company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. Silver Wheaton Corp. had a return on equity of 5.34% and a net margin of 1.80%. The company had revenue of $258 million for the quarter, compared to analyst estimates of $244.84 million. During the same period in the prior year, the company posted $0.14 EPS. The company’s revenue was up 29.0% compared to the same quarter last year.
A number of equities analysts have recently commented on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $27.00 price target on shares of Silver Wheaton Corp. in a report on Thursday, April 6th. BMO Capital Markets reiterated a “buy” rating and set a $25.00 price target on shares of Silver Wheaton Corp. in a report on Friday, March 31st. Credit Suisse Group AG reiterated an “outperform” rating and set a $22.00 price target (up previously from $21.87) on shares of Silver Wheaton Corp. in a report on Thursday, April 13th. Goldman Sachs Group Inc lowered shares of Silver Wheaton Corp. from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $22.82 to $25.00 in a report on Wednesday, February 8th. Finally, Deutsche Bank AG cut their price target on shares of Silver Wheaton Corp. from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, March 21st. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $29.45.
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A number of institutional investors have recently added to or reduced their stakes in SLW. First Republic Investment Management Inc. raised its position in Silver Wheaton Corp. by 0.4% in the fourth quarter. First Republic Investment Management Inc. now owns 61,945 shares of the mining company’s stock valued at $1,196,000 after buying an additional 265 shares during the last quarter. Orinda Asset Management LLC raised its position in Silver Wheaton Corp. by 7.1% in the third quarter. Orinda Asset Management LLC now owns 5,259 shares of the mining company’s stock valued at $142,000 after buying an additional 350 shares during the last quarter. Integrated Investment Consultants LLC raised its position in Silver Wheaton Corp. by 6.2% in the first quarter. Integrated Investment Consultants LLC now owns 8,000 shares of the mining company’s stock valued at $167,000 after buying an additional 470 shares during the last quarter. Cypress Wealth Advisors LLC raised its position in Silver Wheaton Corp. by 3.3% in the fourth quarter. Cypress Wealth Advisors LLC now owns 15,176 shares of the mining company’s stock valued at $293,000 after buying an additional 480 shares during the last quarter. Finally, Berkeley Capital Partners LLC raised its position in Silver Wheaton Corp. by 4.9% in the third quarter. Berkeley Capital Partners LLC now owns 10,646 shares of the mining company’s stock valued at $288,000 after buying an additional 494 shares during the last quarter. Institutional investors and hedge funds own 49.16% of the company’s stock.
Silver Wheaton Corp. (NYSE:SLW) traded down 0.75% during midday trading on Tuesday, hitting $21.09. The stock had a trading volume of 3,755,045 shares. Silver Wheaton Corp. has a 1-year low of $16.94 and a 1-year high of $31.35. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 46.87 and a beta of 0.69. The company’s 50 day moving average is $20.49 and its 200 day moving average is $20.88.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 21st. Investors of record on Wednesday, April 5th will be issued a $0.07 dividend. This is a positive change from Silver Wheaton Corp.’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, April 3rd. This represents a $0.28 annualized dividend and a yield of 1.33%. Silver Wheaton Corp.’s payout ratio is presently 2,402.40%.
Silver Wheaton Corp. Company Profile
Silver Wheaton Corp. (Silver Wheaton) is a mining company. The Company is a pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.
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