Equities research analysts expect Four Corners Property Trust Inc (NYSE:FCPT) to post $0.34 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Four Corners Property Trust’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.33. Four Corners Property Trust posted earnings per share of $0.35 in the same quarter last year, which indicates a negative year-over-year growth rate of 2.9%. The company is expected to report its next earnings report on Monday, November 4th.
On average, analysts expect that Four Corners Property Trust will report full year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.36 to $1.39. For the next financial year, analysts forecast that the firm will report earnings of $1.48 per share, with EPS estimates ranging from $1.47 to $1.49. 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 announced its earnings results on Tuesday, July 30th. The financial services provider reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.10). The business had revenue of $39.57 million for the quarter, compared to the consensus estimate of $40.64 million. Four Corners Property Trust had a net margin of 48.31% and a return on equity of 10.75%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS.
A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Four Corners Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday. Berenberg Bank raised Four Corners Property Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Janney Montgomery Scott assumed coverage on Four Corners Property Trust in a research report on Friday, June 21st. They issued a “buy” rating and a $32.00 target price for the company. Finally, ValuEngine lowered Four Corners Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Four Corners Property Trust has an average rating of “Hold” and a consensus price target of $31.40.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FCPT. Stonebridge Capital Advisors LLC purchased a new stake in shares of Four Corners Property Trust during the 2nd quarter valued at about $30,000. HM Payson & Co. purchased a new stake in shares of Four Corners Property Trust during the 2nd quarter valued at about $32,000. Point72 Hong Kong Ltd purchased a new stake in shares of Four Corners Property Trust during the 2nd quarter valued at about $47,000. Marshall Wace North America L.P. increased its position in shares of Four Corners Property Trust by 37.8% during the 1st quarter. Marshall Wace North America L.P. now owns 2,328 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 638 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Four Corners Property Trust during the 2nd quarter valued at about $128,000. 91.50% of the stock is owned by hedge funds and other institutional investors.
Shares of FCPT traded up $0.03 during trading hours on Friday, hitting $28.52. The company had a trading volume of 704,364 shares, compared to its average volume of 377,490. The firm has a fifty day moving average price of $28.06 and a 200-day moving average price of $28.29. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.77 and a current ratio of 3.77. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 20.23 and a beta of 0.16. Four Corners Property Trust has a 52-week low of $24.58 and a 52-week high of $29.85.
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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