$0.02 Earnings Per Share Expected for Tahoe Resources (TAHO) This Quarter

Equities analysts expect that Tahoe Resources (NYSE:TAHO) (TSE:THO) will post earnings per share (EPS) of $0.02 for the current quarter, according to Zacks. Zero analysts have made estimates for Tahoe Resources’ earnings, with estimates ranging from ($0.01) to $0.04. Tahoe Resources posted earnings per share of $0.11 in the same quarter last year, which would suggest a negative year-over-year growth rate of 81.8%. The firm is scheduled to issue its next earnings results on Tuesday, August 14th.

On average, analysts expect that Tahoe Resources will report full-year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from $0.21 to $0.27. For the next year, analysts expect that the business will post earnings of $0.63 per share, with EPS estimates ranging from $0.42 to $1.01. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Tahoe Resources.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last posted its earnings results on Wednesday, May 2nd. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The business had revenue of $139.90 million for the quarter, compared to analysts’ expectations of $137.42 million. Tahoe Resources had a net margin of 0.04% and a return on equity of 0.07%. Tahoe Resources’s quarterly revenue was down 44.3% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share.

Several equities research analysts recently weighed in on TAHO shares. Zacks Investment Research cut Tahoe Resources from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Credit Suisse Group cut Tahoe Resources from an “outperform” rating to a “neutral” rating in a research note on Friday, January 26th. ValuEngine cut Tahoe Resources from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Finally, Cantor Fitzgerald started coverage on Tahoe Resources in a research note on Wednesday, March 28th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Tahoe Resources presently has a consensus rating of “Hold”.

A number of institutional investors have recently added to or reduced their stakes in the business. Ninepoint Partners LP boosted its holdings in Tahoe Resources by 3.4% in the fourth quarter. Ninepoint Partners LP now owns 563,700 shares of the basic materials company’s stock worth $2,700,000 after acquiring an additional 18,400 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Tahoe Resources by 68.2% in the fourth quarter. Renaissance Technologies LLC now owns 46,900 shares of the basic materials company’s stock worth $226,000 after acquiring an additional 19,023 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Tahoe Resources by 63.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 49,100 shares of the basic materials company’s stock worth $235,000 after acquiring an additional 19,100 shares in the last quarter. Private Advisor Group LLC bought a new stake in Tahoe Resources in the first quarter worth $101,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Tahoe Resources by 454.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 27,127 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 22,234 shares in the last quarter. 61.86% of the stock is currently owned by institutional investors and hedge funds.

TAHO stock traded down $0.10 during midday trading on Thursday, hitting $4.75. The stock had a trading volume of 1,788,391 shares, compared to its average volume of 2,774,679. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 4.15 and a beta of 0.16. Tahoe Resources has a 52-week low of $4.85 and a 52-week high of $4.93.

Tahoe Resources Company Profile

Tahoe Resources Inc, together with its subsidiaries, acquires, explores for, develops, and operates mineral properties in the Americas. It explores for silver, gold, lead, zinc, and copper deposits, as well as precious metals assets. The company holds interest in the La Arena gold mine located in the Huamachuco district of northern Peru; Shahuindo mine located in the province of Cajabamba in northern Peru; and La Arena II, a copper-gold porphyry deposit located in Peru.

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