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 earnings per share (EPS) guidance of $2.68-2.78 for the period, compared to the Thomson Reuters consensus estimate of $2.71, American Banking News reports. Equity Lifestyle Properties also updated its Q3 guidance to $0.65-0.71 EPS.
Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) traded down 0.20% on Monday, hitting $44.87. The stock had a trading volume of 182,989 shares. Equity Lifestyle Properties, Inc. has a 52-week low of $33.36 and a 52-week high of $45.19. The stock’s 50-day moving average is $44.20 and its 200-day moving average is $41.27. The company has a market cap of $3.739 billion and a P/E ratio of 33.93.
Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.02. The company had revenue of $188.90 million for the quarter, compared to the consensus estimate of $179.61 million. During the same quarter last year, the company posted $0.57 earnings per share. Equity Lifestyle Properties’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that Equity Lifestyle Properties, Inc. will post $2.72 earnings per share for the current fiscal year.
On a related note, analysts at Imperial Capital raised their price target on shares of Equity Lifestyle Properties from $45.00 to $46.00 in a research note on Wednesday, April 23rd. They now have an outperform rating on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $42.46.
Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust (REIT).
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