Four Corners Property Trust (FCPT) to Release Quarterly Earnings on Wednesday

Four Corners Property Trust (NYSE:FCPT) is set to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Four Corners Property Trust to post earnings of $0.41 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). Four Corners Property Trust had a net margin of 37.01% and a return on equity of 7.72%. The company had revenue of $66.48 million during the quarter, compared to the consensus estimate of $63.70 million. During the same period in the previous year, the firm posted $0.42 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, analysts expect Four Corners Property Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Four Corners Property Trust Stock Down 0.1 %

Shares of FCPT stock opened at $29.16 on Wednesday. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 27.25 and a beta of 1.10. The firm has a fifty day moving average of $28.84 and a 200-day moving average of $26.28. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.43. Four Corners Property Trust has a 12-month low of $20.51 and a 12-month high of $30.93.

Four Corners Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.345 per share. The ex-dividend date was Monday, September 30th. This represents a $1.38 annualized dividend and a yield of 4.73%. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 128.97%.

Analyst Upgrades and Downgrades

FCPT has been the topic of a number of analyst reports. Evercore ISI upped their price objective on Four Corners Property Trust from $26.00 to $28.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a research report on Wednesday, August 28th. Wells Fargo & Company reissued an “overweight” rating and issued a $32.00 price objective (up previously from $28.00) on shares of Four Corners Property Trust in a research report on Tuesday, October 1st. Finally, Raymond James upped their target price on shares of Four Corners Property Trust from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st.

Four Corners Property Trust Company Profile

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.