
OR Royalties Inc. (NYSE:OR – Free Report) – Equities researchers at Scotiabank lowered their FY2027 earnings estimates for OR Royalties in a research note issued to investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will earn $1.21 per share for the year, down from their previous forecast of $1.31. Scotiabank currently has a “Sector Perform” rating and a $42.00 target price on the stock. The consensus estimate for OR Royalties’ current full-year earnings is $1.35 per share.
OR Royalties (NYSE:OR – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.06. The business had revenue of $102.83 million for the quarter, compared to analysts’ expectations of $103.27 million. OR Royalties had a return on equity of 15.10% and a net margin of 78.09%.
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OR Royalties Trading Down 2.8%
Shares of NYSE OR opened at $28.01 on Friday. The firm has a market capitalization of $5.25 billion, a PE ratio of 20.90 and a beta of 0.74. OR Royalties has a 1 year low of $26.86 and a 1 year high of $48.06. The firm’s 50-day moving average is $33.92 and its 200-day moving average is $38.14.
OR Royalties Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.065 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from OR Royalties’s previous quarterly dividend of $0.06. OR Royalties’s dividend payout ratio is currently 18.66%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Wyoming bought a new stake in shares of OR Royalties in the first quarter worth about $28,000. FIL Ltd bought a new position in shares of OR Royalties during the 4th quarter valued at about $29,000. Banque Cantonale Vaudoise acquired a new position in shares of OR Royalties in the 1st quarter valued at approximately $37,000. Grove Bank & Trust acquired a new position in shares of OR Royalties in the 2nd quarter valued at approximately $32,000. Finally, Assetmark Inc. bought a new stake in OR Royalties during the 4th quarter worth approximately $36,000. 68.52% of the stock is currently owned by institutional investors.
OR Royalties Company Profile
OR Royalties PLC (NYSE: OR) is a closed-ended investment company that specializes in acquiring and managing royalty interests in life science and pharmaceutical products. The company provides capital to biotechnology, specialty pharmaceutical and medical device companies in exchange for a share of future sales revenues. By focusing on royalties secured against marketed products, OR Royalties aims to deliver income and growth potential while minimizing the development and commercialization risks typically associated with direct equity stakes.
The company’s core activities include sourcing royalty transactions, structuring bespoke financing solutions and actively monitoring a diversified portfolio of assets.
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