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Earnings Review and Free Research Report: Franco-Nevada’s Adjusted Diluted EPS Increased 13.6%

Research Desk Line-up: Entree Resources Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 28, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Franco-Nevada Corp. (NYSE: FNV), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=FNV, following the Company's announcement of its financial results on August 08, 2017, for the second quarter of the fiscal year 2017. The Company's revenue increased 8.2% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Gold industry. Pro-TD has currently selected Entree Resources Ltd (NYSE American: EGI) for due-diligence and potential coverage as the Company reported on August 14, 2017, its financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Entree Resources when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on FNV; also brushing on EGI. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=FNV

http://protraderdaily.com/optin/?symbol=EGI

Earnings Reviewed

For the three months ended June 30, 2017, Franco-Nevada's revenue increased 8.2% to $163.6 million on a y-o-y basis from $150.9 million in Q2 FY16. During Q2 FY17, the Company's Precious Metal revenue increased 6.4% to $150.3 million on a y-o-y basis. For the reported quarter, the Company's Oil & Gas revenue increased 23.1% to $9.6 million on a y-o-y basis due to higher prices and the addition of the STACK and Midland portfolio of royalties. The revenue was below analysts' expectations of $163.8 million.

During Q2 FY17, the Company's Gold Equivalent Ounces (GEOs) realized increased 8.6% to 122,541 from 112,787 in Q2 FY16. For the reported quarter, the Company's GEOs from US precious metal assets increased 15.8% to 19,350 on a y-o-y basis; GEOs from Canadian precious metal assets increased 14.6% to 17,097 on a y-o-y basis; GEOs from Latin American precious metal assets were same at 60,548; and GEOs from Rest of World precious metal assets increased 20.6% to 22,651 on a y-o-y basis.

During Q2 FY17, Franco-Nevada's gross profit increased 13.6% to $62.5 million from $55 million in Q2 FY16. For the reported quarter, the Company's gross margin increased 180 basis points to 38.2% of revenue from 36.4% of revenue in Q2 FY16.

During Q2 FY17, Franco-Nevada's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased 4.1% to $125.5 million from $120.5 million in Q2 FY16. For the reported quarter, the Company's adjusted EBITDA margin was 76.7% compared to 79.9% in Q2 FY16. During Q2 FY17, Franco-Nevada's adjusted EBITDA per share increased 1.5% to $0.6 from $0.68 in Q2 FY16.

During Q2 FY17, Franco-Nevada's operating income increased 10.7% to $56.0 million from $50.6 million in the same quarter of last year. During Q2 FY17, the Company's operating margin increased 70 basis points to 34.2% of revenue from 33.5% of revenue in Q2 FY16.

During Q2 FY17, Franco-Nevada's net income increased 7.8% to $45.6 million on a y-o-y basis from $42.3 million in Q2 FY16. For the reported quarter, the Company's adjusted net income increased 15.3% to $46.1 million on a y-o-y basis from $40.0 million in Q2 FY16. For the reported quarter, the Company's diluted earnings per share (EPS) increased 4.2% to $0.25 from $0.24 in Q2 FY16. During Q2 FY17, Franco-Nevada's adjusted diluted EPS increased 13.6% to $0.25 on a y-o-y basis from $0.22 in Q2 FY16. The adjusted diluted EPS was in-line with analysts' expectations of $0.25.

On August 08, 2017, the Company's Board of Directors declared a quarterly dividend of $0.23 per share. The dividend will be paid on September 28, 2017, to shareholders of record on September 14, 2017.

Balance Sheet

As on June 30, 2017, Franco-Nevada's cash and cash equivalents increased 142.8% to $614.3 million from $253 million in Q4 FY16. As on June 30, 2017, Franco-Nevada's receivables decreased 22.5% to $55.1 million from $71.1 million in Q4 FY16.

During H1 FY17, Franco-Nevada's cash provided by operating activities was $246.3 million compared to $227.5 million in H1 FY16.

Stock Performance

Franco-Nevada's share price finished last Friday's trading session at $79.58, slightly advancing 0.57%. A total volume of 370.02 thousand shares have exchanged hands. The Company's stock price surged 8.14% in the last three months, 24.25% in the past six months, and 9.81% in the previous twelve months. Additionally, the stock soared 33.17% since the start of the year. Shares of the Company have a PE ratio of 104.57 and currently have a market cap of $14.76 billion.

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SOURCE: Pro-Trader Daily