Four Corners Property Trust (FCPT) to Release Quarterly Earnings on Tuesday
Four Corners Property Trust (NYSE:FCPT) will be issuing its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Four Corners Property Trust had a return on equity of 13.25% and a net margin of 57.37%. The company had revenue of $38.04 million for the quarter, compared to analysts’ expectations of $38.76 million. During the same quarter last year, the business posted $0.33 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts expect Four Corners Property Trust to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE FCPT opened at $28.18 on Monday. Four Corners Property Trust has a 52-week low of $21.92 and a 52-week high of $29.85. The company has a debt-to-equity ratio of 0.88, a current ratio of 6.24 and a quick ratio of 6.24. The stock has a market cap of $1.93 billion, a P/E ratio of 19.99 and a beta of 0.34.
FCPT has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Four Corners Property Trust from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Zacks Investment Research upgraded shares of Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Thursday, January 31st. Finally, Boenning Scattergood set a $30.00 price objective on shares of Four Corners Property Trust and gave the stock a “buy” rating in a report on Friday, February 15th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Four Corners Property Trust currently has a consensus rating of “Buy” and a consensus price target of $29.00.
In other news, CFO Gerald R. Morgan sold 3,000 shares of Four Corners Property Trust stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $27.41, for a total value of $82,230.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel James L. Brat sold 6,000 shares of Four Corners Property Trust stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $27.41, for a total transaction of $164,460.00. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.
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Four Corners Property Trust Company Profile
FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant 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 related food services industry.
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