Zacks: Analysts Expect Hecla Mining Company (HL) to Post $0.03 Earnings Per Share
Wall Street analysts forecast that Hecla Mining Company (NYSE:HL) will report earnings per share of $0.03 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Hecla Mining’s earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at $0.01. Hecla Mining also reported earnings per share of $0.03 in the same quarter last year. The business is scheduled to report its next earnings report on Thursday, February 22nd.
On average, analysts expect that Hecla Mining will report full-year earnings of $0.05 per share for the current fiscal year, with EPS estimates ranging from $0.01 to $0.08. For the next fiscal year, analysts expect that the company will report earnings of $0.20 per share, with EPS estimates ranging from $0.11 to $0.34. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Hecla Mining.
Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $140.80 million for the quarter, compared to analyst estimates of $151.32 million. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. Hecla Mining’s revenue was down 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share.
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In related news, Director George R. Nethercutt, Jr. sold 62,500 shares of the business’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $5.24, for a total transaction of $327,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its stake in shares of Hecla Mining by 27.8% during the 1st quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock valued at $106,000 after buying an additional 4,384 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Hecla Mining during the 2nd quarter valued at approximately $124,000. Pacad Investment Ltd. lifted its stake in shares of Hecla Mining by 10.4% during the 2nd quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock valued at $140,000 after buying an additional 2,600 shares in the last quarter. Advisor Group Inc. lifted its stake in shares of Hecla Mining by 148.1% during the 2nd quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock valued at $142,000 after buying an additional 16,561 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in shares of Hecla Mining by 2.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock valued at $162,000 after buying an additional 802 shares in the last quarter. Hedge funds and other institutional investors own 59.35% of the company’s stock.
Shares of Hecla Mining (HL) traded down $0.04 during trading hours on Friday, hitting $3.88. 3,437,000 shares of the stock were exchanged, compared to its average volume of 5,667,437. The firm has a market capitalization of $1,548.19, a price-to-earnings ratio of 55.43, a PEG ratio of 77.60 and a beta of 0.31. The company has a current ratio of 2.69, a quick ratio of 2.15 and a debt-to-equity ratio of 0.34. Hecla Mining has a 52 week low of $3.63 and a 52 week high of $6.78.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 21st will be issued a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Monday, November 20th. Hecla Mining’s dividend payout ratio (DPR) is presently 16.67%.
About Hecla Mining
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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