Zacks: Brokerages Anticipate Permianville Royalty Trust (NYSE:PVL) Will Post Earnings of $0.03 Per Share
Equities analysts expect Permianville Royalty Trust (NYSE:PVL) to report $0.03 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Permianville Royalty Trust’s earnings. Permianville Royalty Trust posted earnings per share of $0.15 during the same quarter last year, which would indicate a negative year-over-year growth rate of 80%. The business is expected to announce its next earnings results on Friday, November 8th.
According to Zacks, analysts expect that Permianville Royalty Trust will report full year earnings of $0.24 per share for the current fiscal year. For the next financial year, analysts forecast that the business will post earnings of $0.05 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Permianville Royalty Trust.
Separately, Zacks Investment Research upgraded Permianville Royalty Trust from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Friday, July 19th.
The business also recently announced a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a $0.021 dividend. This represents a $0.25 annualized dividend and a yield of 10.16%. The ex-dividend date is Thursday, August 29th.
Permianville Royalty Trust Company Profile
Permianville Royalty Trust operates a statutory trust. It owns a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico. The company was formerly known as Enduro Royalty Trust and changed its name to Permianville Royalty Trust in September 2018.
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