Diversified Royalty (DIV) to Release Quarterly Earnings on Wednesday

Diversified Royalty (TSE:DIV) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Diversified Royalty to post earnings of C$0.04 per share for the quarter.

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

Diversified Royalty Stock Down 0.7 %

DIV opened at C$2.99 on Wednesday. The firm has a market cap of C$494.70 million, a price-to-earnings ratio of 14.24 and a beta of 1.57. 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’s 50-day simple moving average is C$2.93 and its 200-day simple moving average is C$2.83. Diversified Royalty has a twelve month low of C$2.35 and a twelve month high of C$3.09.

Diversified Royalty Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.021 dividend. This represents a $0.25 annualized dividend and a dividend yield of 8.43%. The ex-dividend date is Tuesday, October 15th. Diversified Royalty’s payout ratio is currently 119.05%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DIV shares. Ventum Cap Mkts raised shares of Diversified Royalty to a “strong-buy” rating in a research note on Tuesday, September 24th. 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 investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Diversified Royalty presently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.80.

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.