Four Corners Property Trust (NYSE:FCPT – Get Free Report) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.40 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 Thursday, February 15th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). The business had revenue of $65.14 million during the quarter, compared to analyst estimates of $65.23 million. Four Corners Property Trust had a net margin of 38.04% and a return on equity of 7.78%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. 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 Performance
Shares of FCPT opened at $23.67 on Wednesday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.35. Four Corners Property Trust has a 52-week low of $20.51 and a 52-week high of $27.60. The stock has a 50 day moving average price of $23.83 and a 200 day moving average price of $23.56. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 21.87 and a beta of 1.00.
Four Corners Property Trust Announces Dividend
Analysts Set New Price Targets
A number of brokerages have weighed in on FCPT. Raymond James reduced their price objective on Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating for the company in a research note on Monday, January 8th. Wells Fargo & Company upped their price target on Four Corners Property Trust from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 20th.
View Our Latest Analysis 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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