Equity Lifestyle Properties Inc. (ELS) Releases FY14 Earnings Guidance
Equity Lifestyle Properties Inc. (NYSE:ELS) issued an update on its FY14 earnings guidance on Monday morning. The company provided EPS guidance of $2.61-2.71 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.62, AnalystRatingsNetwork.com reports. Equity Lifestyle Properties also updated its Q4 guidance to $0.56-0.62 EPS.
Equity Lifestyle Properties Inc. (NYSE:ELS) traded down 0.03% on Monday, hitting $36.64. The stock had a trading volume of 389,941 shares. Equity Lifestyle Properties Inc. has a 52 week low of $31.59 and a 52 week high of $42.86. The stock has a 50-day moving average of $34.96 and a 200-day moving average of $38.27. The company has a market cap of $3.054 billion and a price-to-earnings ratio of 32.84.
Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.27. The company had revenue of $188.00 million for the quarter, compared to the consensus estimate of $173.38 million. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts predict that Equity Lifestyle Properties Inc. will post $2.25 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ELS shares. Analysts at Robert W. Baird initiated coverage on shares of Equity Lifestyle Properties in a research note to investors on Monday. They set an outperform rating and a $40.00 price target on the stock. Analysts at BMO Capital Markets cut their price target on shares of Equity Lifestyle Properties from $42.50 to $41.00 in a research note to investors on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $43.50.
Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust (REIT).
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