Brokerages Anticipate Sprott Inc. (NYSE:SII) to Announce $0.35 EPS

Wall Street analysts forecast that Sprott Inc. (NYSE:SII) will announce earnings of $0.35 per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Sprott’s earnings. Sprott reported earnings per share of $0.41 during the same quarter last year, which would suggest a negative year over year growth rate of 14.6%. The firm is scheduled to report its next earnings report on Friday, August 6th.

According to Zacks, analysts expect that Sprott will report full-year earnings of $1.35 per share for the current year. For the next financial year, analysts forecast that the firm will post earnings of $1.68 per share. Zacks’ EPS averages are an average based on a survey of analysts that cover Sprott.

Sprott (NYSE:SII) last posted its earnings results on Friday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.16). Sprott had a return on equity of 10.35% and a net margin of 21.45%.

SII has been the subject of several research analyst reports. Royal Bank of Canada upped their target price on shares of Sprott from $55.00 to $58.00 and gave the company a “sector perform” rating in a report on Monday, May 10th. TD Securities upped their target price on shares of Sprott from $50.00 to $56.00 and gave the company a “hold” rating in a report on Monday, May 10th. Finally, Zacks Investment Research upgraded shares of Sprott from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Thursday, May 6th.

A number of hedge funds have recently added to or reduced their stakes in SII. CIBC Asset Management Inc raised its position in Sprott by 2.8% in the 4th quarter. CIBC Asset Management Inc now owns 14,589 shares of the company’s stock valued at $423,000 after purchasing an additional 391 shares during the last quarter. Acuitas Investments LLC raised its position in Sprott by 3.9% during the 4th quarter. Acuitas Investments LLC now owns 45,513 shares of the company’s stock worth $1,319,000 after buying an additional 1,689 shares during the last quarter. Russell Investments Group Ltd. raised its position in Sprott by 8.8% during the 4th quarter. Russell Investments Group Ltd. now owns 228,728 shares of the company’s stock worth $6,634,000 after buying an additional 18,455 shares during the last quarter. Wellington Shields Capital Management LLC raised its position in Sprott by 16.9% during the 4th quarter. Wellington Shields Capital Management LLC now owns 72,620 shares of the company’s stock worth $2,105,000 after buying an additional 10,500 shares during the last quarter. Finally, Kopernik Global Investors LLC raised its position in Sprott by 63.6% during the 4th quarter. Kopernik Global Investors LLC now owns 1,387,807 shares of the company’s stock worth $40,296,000 after buying an additional 539,347 shares during the last quarter. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Shares of Sprott stock opened at $43.91 on Tuesday. The firm has a fifty day moving average of $43.84. Sprott has a 12-month low of $27.20 and a 12-month high of $47.89. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.64 and a current ratio of 2.64. The firm has a market cap of $1.13 billion and a PE ratio of 38.86.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 1st. Investors of record on Monday, May 17th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 14th. This represents a $1.00 annualized dividend and a yield of 2.28%. Sprott’s dividend payout ratio (DPR) is 89.52%.

Sprott Company Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.

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