$0.36 Earnings Per Share Expected for Four Corners Property Trust Inc (NYSE:FCPT) This Quarter

Brokerages predict that Four Corners Property Trust Inc (NYSE:FCPT) will announce earnings per share of $0.36 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Four Corners Property Trust’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.37. Four Corners Property Trust posted earnings of $0.35 per share in the same quarter last year, which indicates a positive year over year growth rate of 2.9%. The firm is expected to issue its next earnings report on Wednesday, July 24th.

On average, analysts expect that Four Corners Property Trust will report full-year earnings of $1.45 per share for the current year, with EPS estimates ranging from $1.43 to $1.46. For the next year, analysts forecast that the company will post earnings of $1.52 per share, with EPS estimates ranging from $1.51 to $1.53. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Four Corners Property Trust.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). Four Corners Property Trust had a return on equity of 12.63% and a net margin of 56.35%. The firm had revenue of $39.60 million during the quarter, compared to analysts’ expectations of $39.84 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. Four Corners Property Trust’s revenue for the quarter was up 13.8% compared to the same quarter last year.

Several equities research analysts recently weighed in on FCPT shares. Berenberg Bank started coverage on Four Corners Property Trust in a report on Tuesday, April 23rd. They set a “hold” rating and a $36.00 target price for the company. Zacks Investment Research cut Four Corners Property Trust from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Boenning Scattergood restated a “buy” rating and set a $30.00 target price on shares of Four Corners Property Trust in a report on Wednesday, April 24th. Barclays started coverage on Four Corners Property Trust in a report on Wednesday, May 15th. They set an “equal weight” rating and a $29.00 target price for the company. Finally, Janney Montgomery Scott started coverage on Four Corners Property Trust in a report on Friday, June 21st. They set a “buy” rating and a $32.00 target price for the company. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $30.67.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Four Corners Property Trust by 2.5% during the 4th quarter. BlackRock Inc. now owns 13,091,181 shares of the financial services provider’s stock valued at $342,988,000 after purchasing an additional 320,071 shares during the last quarter. FMR LLC raised its position in Four Corners Property Trust by 9.1% during the 4th quarter. FMR LLC now owns 5,084,348 shares of the financial services provider’s stock valued at $133,209,000 after purchasing an additional 423,932 shares during the last quarter. Cohen & Steers Inc. raised its position in shares of Four Corners Property Trust by 1.1% in the 4th quarter. Cohen & Steers Inc. now owns 4,188,223 shares of the financial services provider’s stock worth $109,731,000 after acquiring an additional 46,643 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Four Corners Property Trust by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,680,469 shares of the financial services provider’s stock worth $49,741,000 after acquiring an additional 58,935 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Four Corners Property Trust by 13.3% in the 1st quarter. Wells Fargo & Company MN now owns 1,445,977 shares of the financial services provider’s stock worth $42,801,000 after acquiring an additional 169,943 shares in the last quarter. 89.89% of the stock is owned by institutional investors and hedge funds.

FCPT stock traded down $0.47 during trading on Friday, hitting $27.71. 6,371 shares of the company traded hands, compared to its average volume of 527,785. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 19.62 and a beta of 0.27. Four Corners Property Trust has a 1 year low of $24.21 and a 1 year high of $29.85. The stock has a 50-day moving average of $28.66. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.78 and a quick ratio of 5.78.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.287 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Thursday, June 27th. Four Corners Property Trust’s payout ratio is 81.56%.

About Four Corners Property Trust

FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio primarily by acquiring additional real estate to lease, on a net basis, for use in the restaurant and food industry.

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