Zacks: Analysts Expect Regency Centers Co. (NYSE:REG) Will Post Quarterly Sales of $297.36 Million

Equities research analysts expect Regency Centers Co. (NYSE:REGGet Rating) to announce sales of $297.36 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Regency Centers’ earnings. The lowest sales estimate is $289.32 million and the highest is $306.04 million. Regency Centers posted sales of $274.70 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.2%. The company is expected to issue its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Regency Centers will report full-year sales of $1.20 billion for the current fiscal year, with estimates ranging from $1.17 billion to $1.25 billion. For the next year, analysts anticipate that the firm will report sales of $1.26 billion, with estimates ranging from $1.23 billion to $1.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Regency Centers.

REG has been the subject of a number of research reports. StockNews.com initiated coverage on Regency Centers in a report on Thursday, March 31st. They set a “hold” rating for the company. Compass Point decreased their price objective on Regency Centers from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, February 14th.

NYSE:REG opened at $70.53 on Thursday. Regency Centers has a 52-week low of $58.00 and a 52-week high of $78.78. The stock’s 50-day moving average price is $67.99.

About Regency Centers (Get Rating)

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.

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