Sun Communities (SUI) Issues Q1 Earnings Guidance
Sun Communities (NYSE:SUI) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $1.12-1.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.18. Sun Communities also updated its FY18 guidance to $4.48-4.58 EPS.
Sun Communities (NYSE:SUI) traded down $0.68 on Wednesday, hitting $84.89. The stock had a trading volume of 427,999 shares, compared to its average volume of 431,793. Sun Communities has a 12 month low of $78.78 and a 12 month high of $96.08. The company has a market capitalization of $6,740.00, a PE ratio of 114.72, a price-to-earnings-growth ratio of 3.05 and a beta of 0.15.
Sun Communities (NYSE:SUI) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.78. Sun Communities had a return on equity of 2.76% and a net margin of 7.37%. The company had revenue of $242.00 million during the quarter, compared to analysts’ expectations of $207.51 million. During the same period in the prior year, the business earned $0.91 earnings per share. Sun Communities’s revenue for the quarter was up 10.7% compared to the same quarter last year. analysts predict that Sun Communities will post 4.16 EPS for the current fiscal year.
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Sun Communities Company Profile
Sun Communities, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is a fully integrated real estate company, which, together with its affiliates and predecessors, has been in the business of acquiring, operating, developing, and expanding manufactured housing (MH) and recreational vehicle (RV).
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