China Metro Rural Holdings Ltd (NYSEMKT:CNR) – Research analysts at Seaport Global Securities cut their FY2019 earnings estimates for shares of China Metro Rural in a note issued to investors on Sunday, August 11th. Seaport Global Securities analyst R. Garner now anticipates that the financial services provider will post earnings of $0.65 per share for the year, down from their previous estimate of $0.90. Seaport Global Securities also issued estimates for China Metro Rural’s FY2020 earnings at $1.25 EPS.
A number of other research firms also recently weighed in on CNR. Barclays reaffirmed a “hold” rating and set a $5.00 price target on shares of China Metro Rural in a research note on Monday. Zacks Investment Research downgraded shares of China Metro Rural from a “hold” rating to a “sell” rating in a research note on Thursday. Raymond James reaffirmed an “average” rating and set a $135.00 price target on shares of China Metro Rural in a research note on Wednesday, July 24th. Finally, BMO Capital Markets increased their price target on shares of China Metro Rural from $125.00 to $126.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $98.50.
China Metro Rural (NYSEMKT:CNR) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.38 billion. The business’s revenue for the quarter was up 183.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) earnings per share.
In related news, CFO Jeffrey S. Lee acquired 80,000 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was bought at an average cost of $5.85 per share, with a total value of $468,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Arthur W. Steinhafel acquired 20,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were bought at an average cost of $4.54 per share, with a total value of $90,800.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 328,500 shares of company stock valued at $1,541,030.
About China Metro Rural
China Metro-Rural Holdings Limited is a developer and operator of integrated agricultural logistics and trade centers in China. The Company’s segments include agricultural logistics, and rural-urban migration and city re-development. The Company’s agricultural logistics business includes development and operation of integrated agricultural logistics and trade centers and supporting facilities, and property management, which engages in the management of developed properties within the logistics platforms, known as China Northeast Logistics Cities.
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