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

Diversified Royalty Corp. (TSE:DIV) – Stock analysts at Ventum Cap Mkts issued their FY2024 earnings per share estimates for Diversified Royalty in a note issued to investors on Tuesday, September 24th. Ventum Cap Mkts analyst D. Schilling expects that the company will earn $0.20 per share for the year. Ventum Cap Mkts 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.

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, September 24th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Diversified Royalty currently has a consensus rating of “Moderate Buy” and a consensus target price of C$3.60.

Diversified Royalty Stock Up 0.7 %

Diversified Royalty stock opened at C$2.98 on Friday. 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 firm has a market capitalization of C$493.04 million, a price-to-earnings ratio of 14.19 and a beta of 1.56. Diversified Royalty has a fifty-two week low of C$2.35 and a fifty-two week high of C$2.99. The stock’s fifty day moving average is C$2.82 and its two-hundred day moving average is C$2.81.

Diversified Royalty (TSE:DIV) last posted its earnings results on Friday, August 9th. The company reported C$0.05 earnings per share for the quarter, meeting the consensus estimate of C$0.05. The company had revenue of C$16.78 million for the quarter, compared to analyst estimates of C$17.50 million. Diversified Royalty had a return on equity of 12.02% and a net margin of 51.17%.

Diversified Royalty Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.021 dividend. 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 is currently 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.