Parkway Properties Inc. (PKY) Updates FY13 Earnings Guidance
Parkway Properties Inc. (NYSE:PKY) issued an update on its FY13 earnings guidance on Monday morning. The company provided EPS guidance of $1.17-1.24 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.21, StockRatingsNetwork.com reports.
Parkway Properties Inc. (NYSE:PKY) traded up 1.27% on Monday, hitting $18.29. The stock had a trading volume of 242,115 shares. Parkway Properties Inc. has a 52-week low of $12.89 and a 52-week high of $19.59. The stock’s 50-day moving average is $17.6 and its 200-day moving average is $17.68. The company’s market cap is $1.254 billion.
Parkway Properties (NYSE:PKY) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. During the same quarter in the previous year, the company posted $0.36 earnings per share. On average, analysts predict that Parkway Properties Inc. will post $1.08 earnings per share for the current fiscal year.
A number of research firms have recently commented on PKY. Analysts at RBC Capital initiated coverage on shares of Parkway Properties in a research note to investors on Monday, October 28th. They set an outperform rating and a $21.00 price target on the stock. Analysts at Zacks upgraded shares of Parkway Properties from a neutral rating to an outperform rating in a research note to investors on Wednesday, October 9th. They now have a $20.10 price target on the stock. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $18.62.
Parkway Properties, Inc (NYSE:PKY) is a self-administered real estate investment trust (REIT) specializing in the ownership of office properties in higher growth submarkets in the Sunbelt region of the United States.
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