American Campus Communities (ACC) to Release Earnings on Tuesday
American Campus Communities (NYSE:ACC) will be posting its Q114 quarterly earnings results on Tuesday, April 22nd. Analysts expect American Campus Communities to post earnings of $0.65 per share and revenue of $174.28 million for the quarter.
American Campus Communities (NYSE:ACC) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.04. The company had revenue of $182.70 million for the quarter, compared to the consensus estimate of $167.69 million. During the same quarter last year, the company posted $0.59 earnings per share. American Campus Communities’s revenue was up 22.4% compared to the same quarter last year. On average, analysts expect American Campus Communities to post $2.33 EPS for the current fiscal year and $2.47 EPS for the next fiscal year.
American Campus Communities (NYSE:ACC) opened at 37.36 on Monday. American Campus Communities has a 1-year low of $31.64 and a 1-year high of $45.39. The stock’s 50-day moving average is $37.11 and its 200-day moving average is $34.75. The company has a market cap of $3.915 billion and a price-to-earnings ratio of 38.11.
On a related note, analysts at Deutsche Bank cut their price target on shares of American Campus Communities from $40.00 to $35.00 in a research note on Monday, January 27th. They now have a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. American Campus Communities has a consensus rating of “Hold” and a consensus price target of $40.56.
American Campus Communities, Inc (NYSE:ACC) is a self-managed and self-administered real estate investment trust (REIT).
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