Zacks: Analysts Expect Four Corners Property Trust Inc (FCPT) to Announce $0.34 EPS
Wall Street brokerages expect Four Corners Property Trust Inc (NYSE:FCPT) to announce earnings of $0.34 per share for the current quarter, Zacks reports. Two analysts have made estimates for Four Corners Property Trust’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.33. Four Corners Property Trust reported earnings of $0.32 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The business is scheduled to report its next quarterly earnings report after the market closes on Wednesday, May 3rd.
According to Zacks, analysts expect that Four Corners Property Trust will report full year earnings of $1.39 per share for the current year, with EPS estimates ranging from $1.37 to $1.41. For the next financial year, analysts forecast that the company will post earnings of $1.44 per share, with EPS estimates ranging from $1.42 to $1.48. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Four Corners Property Trust.
Four Corners Property Trust (NYSE:FCPT) last released its earnings results on Wednesday, February 22nd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.06. The company earned $31.27 million during the quarter, compared to analyst estimates of $29.09 million. Four Corners Property Trust had a return on equity of 29.56% and a net margin of 115.37%. The company’s revenue for the quarter was up 60.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.35 earnings per share.
Separately, Zacks Investment Research downgraded Four Corners Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, March 13th.
Four Corners Property Trust (NYSE:FCPT) traded down 0.92% during mid-day trading on Thursday, hitting $23.59. The stock had a trading volume of 314,403 shares. Four Corners Property Trust has a 1-year low of $16.71 and a 1-year high of $23.96. The company has a market cap of $1.41 billion, a P/E ratio of 8.97 and a beta of 0.26. The company has a 50-day moving average price of $22.26 and a 200 day moving average price of $20.79.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were given a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend was Wednesday, March 29th.
Several large investors have recently modified their holdings of FCPT. Creative Planning increased its stake in shares of Four Corners Property Trust by 48.8% in the third quarter. Creative Planning now owns 4,925 shares of the financial services provider’s stock valued at $105,000 after buying an additional 1,615 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in Four Corners Property Trust during the fourth quarter worth $103,000. Municipal Employees Retirement System of Michigan increased its stake in Four Corners Property Trust by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,966 shares of the financial services provider’s stock worth $255,000 after buying an additional 200 shares during the period. GSA Capital Partners LLP purchased a new stake in Four Corners Property Trust during the fourth quarter worth $259,000. Finally, Credit Agricole S A increased its stake in Four Corners Property Trust by 18.4% in the fourth quarter. Credit Agricole S A now owns 12,735 shares of the financial services provider’s stock worth $262,000 after buying an additional 1,982 shares during the period. 86.93% of the stock is currently owned by institutional investors.
Four Corners Property Trust Company Profile
Four Corners Property Trust, Inc is a self-administered company and real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and food service related industries. The Company operates through two segments: real estate operations and restaurant operations.
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