LXP Industrial Trust (NYSE:LXP – Get Free Report) is scheduled to announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect LXP Industrial Trust to post earnings of $0.16 per share for the quarter. LXP Industrial Trust has set its FY24 guidance at $0.61-0.65 EPS.Parties that wish to register for the company’s conference call can do so using this link.
LXP Industrial Trust (NYSE:LXP – Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). The firm had revenue of $83.00 million during the quarter, compared to the consensus estimate of $83.74 million. LXP Industrial Trust had a net margin of 8.92% and a return on equity of 1.37%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 earnings per share. On average, analysts expect LXP Industrial Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
LXP Industrial Trust Stock Down 2.7 %
Shares of NYSE:LXP opened at $8.54 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The company’s fifty day moving average is $8.84 and its two-hundred day moving average is $8.92. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 106.70 and a beta of 0.80. LXP Industrial Trust has a 1-year low of $7.75 and a 1-year high of $10.75.
LXP Industrial Trust Announces Dividend
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a research report on Thursday.
View Our Latest Stock Analysis on LXP Industrial Trust
LXP Industrial Trust Company Profile
LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.
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