Royal Gold (RGLD) Reports In-Line Q4 EPS, Revenues Miss
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Royal Gold (NASDAQ: RGLD) reported Q4 EPS of $0.43, in-line with the analyst estimate of $0.43. Revenue for the quarter came in at $116.2 million versus the consensus estimate of $118.85 million.
Fourth Quarter Highlights Compared to Prior Year Quarter:
- The Company reports net income of $26.7 million, or $0.41 per share, on revenue of $116.2 million in its fiscal fourth quarter ended June 30, 2018 (“fourth quarter”).
- Reported earnings included further impacts of US tax reform legislation totaling $0.01 per share and a non-cash functional currency election totaling $0.01 per share.
- Absent these items, adjusted net income1 was $27.6 million, or $0.43 per share, up 39% from the prior year quarter.
- Revenue of $116.2 million, an increase of 7%
- Operating cash flow of $77.0 million, an increase of 17%
- Volume of 89,000 GEOs2, an increase of 3%
- Dividends paid of $16.4 million, an increase of 4%
- Repaid remaining $75.0 million outstanding under revolving credit facility
- Average gold price of $1,306 per ounce, up 4%
For earnings history and earnings-related data on Royal Gold (RGLD) click here.
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