Four Corners Property Trust (NYSE:FCPT – Get Free Report) 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 – Get Free Report) 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
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.
Get Our Latest Stock Report on FCPT
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.
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