Invitation Home Inc. (INVH) Set to Announce Quarterly Earnings on Wednesday
Invitation Home Inc. (NYSE:INVH) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Invitation Home has set its FY17 guidance at $0.96-1.04 EPS.
Invitation Home (NYSE:INVH) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The business had revenue of $242.22 million for the quarter, compared to analyst estimates of $240.58 million. Invitation Home’s revenue was up 5.1% compared to the same quarter last year. On average, analysts expect Invitation Home to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Invitation Home Inc. (NYSE:INVH) opened at $22.84 on Monday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.43 and a current ratio of 1.43.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, October 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.40%.
A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Invitation Home from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, September 6th. Keefe, Bruyette & Woods restated a “buy” rating and set a $25.00 target price on shares of Invitation Home in a research note on Tuesday, October 3rd. Finally, BTIG Research assumed coverage on shares of Invitation Home in a research note on Monday, October 9th. They set a “buy” rating and a $26.00 target price on the stock. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Invitation Home currently has an average rating of “Buy” and a consensus target price of $24.50.
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Invitation Home Company Profile
Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.
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