Sprott (NYSE:SII) Releases Earnings Results, Beats Expectations By $0.12 EPS

Sprott (NYSE:SII) announced its earnings results on Wednesday. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.12, Zacks reports. The firm had revenue of $36.80 million for the quarter, compared to the consensus estimate of $38.45 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Trading Up 2.1 %

SII opened at $43.70 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. Sprott has a one year low of $34.51 and a one year high of $48.00. The company has a market cap of $1.13 billion, a P/E ratio of 24.01 and a beta of 1.08. The business’s 50-day simple moving average is $42.69 and its 200-day simple moving average is $43.01.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Monday, March 10th. Sprott’s dividend payout ratio (DPR) is 65.93%.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group assumed coverage on shares of Sprott in a research note on Tuesday, January 21st. They set a “buy” rating on the stock.

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.