Analysts Expect SITE Centers Corp. (NASDAQ:SITC) Will Post Earnings of $0.28 Per Share
Analysts predict that SITE Centers Corp. (NASDAQ:SITC) will report earnings of $0.28 per share for the current quarter, according to Zacks. Eight analysts have made estimates for SITE Centers’ earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.30. SITE Centers reported earnings per share of $0.33 in the same quarter last year, which would suggest a negative year over year growth rate of 15.2%. The company is scheduled to issue its next earnings report before the market opens on Wednesday, October 30th.
According to Zacks, analysts expect that SITE Centers will report full year earnings of $1.21 per share for the current year, with EPS estimates ranging from $1.18 to $1.25. For the next fiscal year, analysts expect that the business will report earnings of $1.16 per share, with EPS estimates ranging from $1.14 to $1.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow SITE Centers.
SITE Centers (NASDAQ:SITC) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.23). The firm had revenue of $113.50 million for the quarter, compared to analysts’ expectations of $113.12 million. The company’s revenue for the quarter was down 44.4% on a year-over-year basis.
Several large investors have recently bought and sold shares of SITC. Ladenburg Thalmann Financial Services Inc. grew its position in SITE Centers by 37.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,296 shares of the company’s stock worth $43,000 after purchasing an additional 896 shares in the last quarter. Phocas Financial Corp. bought a new stake in SITE Centers in the 2nd quarter worth about $72,000. Machina Capital S.A.S. bought a new stake in SITE Centers in the 2nd quarter worth about $74,000. SRS Capital Advisors Inc. bought a new stake in SITE Centers in the 2nd quarter worth about $76,000. Finally, Chicago Equity Partners LLC bought a new stake in SITE Centers in the 2nd quarter worth about $132,000.
Shares of NASDAQ SITC traded up $0.12 during trading on Wednesday, hitting $15.06. 590,853 shares of the company traded hands, compared to its average volume of 1,002,949. The business’s fifty day moving average is $14.59 and its 200 day moving average is $13.78. SITE Centers has a fifty-two week low of $10.71 and a fifty-two week high of $15.23.
The firm also recently announced a — dividend, which was paid on Tuesday, October 8th. Stockholders of record on Monday, September 23rd were given a dividend of $0.20 per share. This represents a dividend yield of 5.4%. The ex-dividend date was Friday, September 20th.
About SITE Centers
SITE is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.
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