Raymond James Equities Analysts Lower Earnings Estimates for European Commercial REIT (TSE:ERE)

European Commercial REIT (TSE:ERE – Get Rating) – Raymond James reduced their Q2 2022 earnings per share (EPS) estimates for European Commercial REIT in a research note issued on Wednesday, May 4th. Raymond James analyst B. Sturges now forecasts that the company will post earnings of $0.05 per share for the quarter, down from their prior estimate of $0.06. Raymond James also issued estimates for European Commercial REIT’s Q3 2022 earnings at $0.07 EPS, Q4 2022 earnings at $0.07 EPS and FY2023 earnings at $0.26 EPS.

European Commercial REIT (TSE:ERE – Get Rating) last issued its quarterly earnings data on Thursday, February 17th. The company reported C$0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.22. The firm had revenue of C$28.87 million for the quarter.

The business also recently declared a monthly dividend, which was paid on Monday, April 18th. Stockholders of record on Thursday, March 31st were issued a dividend of $0.014 per share. The ex-dividend date was Wednesday, March 30th. This is an increase from European Commercial REIT’s previous monthly dividend of $0.01. This represents a $0.17 annualized dividend and a dividend yield of ∞.

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