Ventum Cap Mkts Has Negative View of TSE:DIV FY2024 Earnings

Diversified Royalty Corp. (TSE:DIV) – Ventum Cap Mkts reduced their FY2024 earnings per share estimates for Diversified Royalty in a note issued to investors on Thursday, November 7th. Ventum Cap Mkts analyst D. Schilling now anticipates that the company will post earnings per share of $0.19 for the year, down from their prior estimate of $0.20. Ventum Cap Mkts currently 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 $0.19 EPS.

Separately, Ventum Financial set a C$4.00 price target on shares of Diversified Royalty and gave the company a “buy” rating in a report on Tuesday, September 24th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$3.80.

Diversified Royalty Trading Down 0.3 %

Shares of DIV stock opened at C$3.04 on Monday. The company has a debt-to-equity ratio of 89.69, a current ratio of 5.73 and a quick ratio of 1.74. Diversified Royalty has a 1-year low of C$2.52 and a 1-year high of C$3.09. The stock has a market capitalization of C$502.97 million, a PE ratio of 14.52 and a beta of 1.57. The business has a 50-day moving average of C$2.97 and a 200 day moving average of C$2.84.

Diversified Royalty Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 29th will be issued a dividend of $0.021 per share. The ex-dividend date is Friday, November 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.29%. Diversified Royalty’s dividend payout ratio is presently 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.