Earnings results for Wheaton Precious Metals Corp (NYSE:WPM)
Wheaton Precious Metals Corp. is expected* to report earnings on 05/06/2020 after market close. The report will be for the fiscal Quarter ending Mar 2020. According to Zacks Investment Research, based on 11 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.21. The reported EPS for the same quarter last year was $0.13.
Wheaton Precious Metals last released its earnings results on March 11th, 2020. The reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $223.22 million for the quarter, compared to analyst estimates of $233.57 million. Its revenue for the quarter was up 13.5% compared to the same quarter last year. Wheaton Precious Metals has generated $0.56 earnings per share over the last year and currently has a price-to-earnings ratio of 208.8. Wheaton Precious Metals has confirmed that its next quarterly earnings report will be published on Wednesday, May 6th, 2020. Wheaton Precious Metals will be holding an earnings conference call on Wednesday, May 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
Analyst Opinion on Wheaton Precious Metals Corp (NYSE:WPM)
10 Wall Street analysts have issued ratings and price targets for Wheaton Precious Metals in the last 12 months. Their average twelve-month price target is $34.00, suggesting that the stock has a possible downside of 14.29%. The high price target for WPM is $40.00 and the low price target for WPM is $27.00. There are currently 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Wheaton Precious Metals has received a consensus rating of Buy. The company’s average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $34.00, Wheaton Precious Metals has a potential downside of 14.3% from its current price of $39.67. Wheaton Precious Metals has only been the subject of 3 research reports in the past 90 days.
Dividend Strength: Wheaton Precious Metals Corp (NYSE:WPM)
Wheaton Precious Metals is a leading dividend payer. It pays a dividend yield of 1.01%, putting its dividend yield in the top 25% of dividend-paying stocks. Wheaton Precious Metals has only been increasing its dividend for 1 years. The dividend payout ratio of Wheaton Precious Metals is 71.43 %. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Wheaton Precious Metals will have a dividend payout ratio of 40.00 % next year. This indicates that Wheaton Precious Metals will be able to sustain or increase its dividend.
Insiders buying/selling: Wheaton Precious Metals Corp (NYSE:WPM)
In the past three months, Wheaton Precious Metals insiders have not sold or bought any company stock. 56.15% of the stock of Wheaton Precious Metals is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Wheaton Precious Metals Corp (NYSE:WPM
Earnings for Wheaton Precious Metals are expected to grow by 16.28% in the coming year, from $0.86 to $1.00 per share. The P/E ratio of Wheaton Precious Metals is 208.80, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.28. The P/E ratio of Wheaton Precious Metals is 208.80, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 13.09. Wheaton Precious Metals has a PEG Ratio of 9.25. PEG Ratios above 1 indicate that a company could be overvalued. Wheaton Precious Metals has a P/B Ratio of 3.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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