Post Properties Inc. (PPS) Issues FY14 Earnings Guidance
Post Properties Inc. (NYSE:PPS) issued an update on its FY14 earnings guidance on Thursday morning. The company provided EPS guidance of $2.16-$2.21 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.51, Analyst Ratings Network reports.
Shares of Post Properties Inc. (NYSE:PPS) traded down 2.50% on Thursday, hitting $54.20. 824,955 shares of the company’s stock traded hands. Post Properties Inc. has a 52 week low of $42.43 and a 52 week high of $55.91. The stock’s 50-day moving average is $54.04 and its 200-day moving average is $50.47. The company has a market cap of $2.945 billion and a P/E ratio of 30.21.
Post Properties (NYSE:PPS) last announced its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.63 by $0.05. During the same quarter last year, the company posted $0.87 earnings per share. On average, analysts predict that Post Properties Inc. will post $2.44 earnings per share for the current fiscal year.
A number of research firms have recently commented on PPS. Analysts at Citigroup Inc. downgraded shares of Post Properties from a buy rating to a neutral rating in a research note on Monday. They now have a $58.00 price target on the stock, up previously from $55.00. On a related note, analysts at Barclays raised their price target on shares of Post Properties from $50.00 to $53.00 in a research note on Monday, July 21st. They now have an equal weight rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Post Properties from $47.00 to $51.00 in a research note on Wednesday, July 9th. They now have a hold rating on the stock. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $52.08.
Post Properties, Inc is a self-administrated and self-managed equity real estate investment trust (NYSE:PPS).
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