$0.48 EPS Expected for Store Capital Corp (NYSE:STOR) This Quarter
Brokerages expect Store Capital Corp (NYSE:STOR) to announce earnings per share of $0.48 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Store Capital’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.46. Store Capital also reported earnings per share of $0.48 in the same quarter last year. The business is scheduled to announce its next earnings report on Thursday, February 20th.
On average, analysts expect that Store Capital will report full year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.89 to $1.92. For the next year, analysts expect that the business will post earnings of $2.02 per share, with EPS estimates ranging from $1.96 to $2.07. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Store Capital.
Store Capital (NYSE:STOR) last released its earnings results on Thursday, October 31st. The real estate investment trust reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The business had revenue of $171.80 million for the quarter, compared to the consensus estimate of $167.38 million. Store Capital had a return on equity of 6.92% and a net margin of 44.09%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share.
In other Store Capital news, Director Joseph M. Donovan bought 2,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was bought at an average price of $36.11 per share, with a total value of $72,220.00. Following the completion of the purchase, the director now directly owns 55,794 shares in the company, valued at $2,014,721.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Financial Architects Inc acquired a new stake in shares of Store Capital in the third quarter valued at $562,000. First Allied Advisory Services Inc. grew its stake in shares of Store Capital by 4.5% in the third quarter. First Allied Advisory Services Inc. now owns 9,178 shares of the real estate investment trust’s stock valued at $340,000 after buying an additional 394 shares in the last quarter. Morse Asset Management Inc grew its stake in shares of Store Capital by 4.2% in the third quarter. Morse Asset Management Inc now owns 34,400 shares of the real estate investment trust’s stock valued at $1,287,000 after buying an additional 1,400 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Store Capital by 159.8% in the third quarter. SG Americas Securities LLC now owns 54,607 shares of the real estate investment trust’s stock valued at $2,043,000 after buying an additional 33,592 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Store Capital by 7.2% in the third quarter. Daiwa Securities Group Inc. now owns 37,100 shares of the real estate investment trust’s stock valued at $1,388,000 after buying an additional 2,500 shares in the last quarter. 89.11% of the stock is owned by institutional investors.
Shares of NYSE:STOR traded up $0.02 during midday trading on Tuesday, hitting $39.27. The company had a trading volume of 77,085 shares, compared to its average volume of 1,891,634. Store Capital has a twelve month low of $27.35 and a twelve month high of $40.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 4.08 and a beta of 0.19. The business’s 50-day simple moving average is $38.33 and its 200-day simple moving average is $35.78.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.35 per share. This is a boost from Store Capital’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.40 annualized dividend and a yield of 3.57%. Store Capital’s dividend payout ratio (DPR) is 76.09%.
Store Capital Company Profile
STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in 2,255 property locations, substantially all of which are profit centers, in 49 states.
Featured Story: Trading Strategy
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Store Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Store Capital and related companies with MarketBeat.com's FREE daily email newsletter.