Sprott (NYSE:SII) Issues Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Sprott (NYSE:SII) posted its quarterly earnings data on Wednesday. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.34 by $0.12, Zacks reports. Sprott had a return on equity of 15.02% and a net margin of 27.38%.

Sprott Price Performance

Shares of SII stock traded up $1.18 during mid-day trading on Wednesday, reaching $43.97. The stock had a trading volume of 66,786 shares, compared to its average volume of 77,825. The company has a market cap of $1.13 billion, a P/E ratio of 24.16 and a beta of 1.08. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. Sprott has a 12-month low of $34.51 and a 12-month high of $48.00. The business has a 50-day simple moving average of $42.65 and a 200 day simple moving average of $43.01.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.73%. Sprott’s payout ratio is currently 65.93%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group initiated 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.