$108.11 Million in Sales Expected for Store Capital Corp (STOR) This Quarter
Analysts expect that Store Capital Corp (NYSE:STOR) will post sales of $108.11 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Store Capital Corp’s earnings, with estimates ranging from $102.71 million to $114.74 million. Store Capital Corp reported sales of $87.14 million in the same quarter last year, which would suggest a positive year over year growth rate of 24.1%. The firm is scheduled to issue its next quarterly earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that Store Capital Corp will report full year sales of $108.11 million for the current financial year, with estimates ranging from $411.28 million to $465.42 million. For the next fiscal year, analysts expect that the firm will report sales of $507.78 million per share, with estimates ranging from $418.62 million to $548.62 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Store Capital Corp.
Store Capital Corp (NYSE:STOR) last issued its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.22. Store Capital Corp had a return on equity of 5.22% and a net margin of 33.05%. The company had revenue of $108 million during the quarter, compared to the consensus estimate of $105.51 million. During the same quarter in the previous year, the business posted $0.40 EPS. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis.
A number of analysts recently issued reports on the company. Wunderlich decreased their price objective on Store Capital Corp from $27.50 to $25.00 and set a “buy” rating on the stock in a research note on Monday, May 15th. Stifel Nicolaus decreased their price objective on Store Capital Corp from $27.50 to $25.50 and set a “buy” rating on the stock in a research note on Monday, May 15th. Zacks Investment Research lowered Store Capital Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, February 1st. Ladenburg Thalmann Financial Services lowered Store Capital Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 10th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $28.00 price objective on shares of Store Capital Corp in a research note on Wednesday, March 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $29.70.
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In other Store Capital Corp news, Director Mark N. Sklar bought 5,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were acquired at an average cost of $20.34 per share, for a total transaction of $101,700.00. Following the purchase, the director now directly owns 7,144 shares of the company’s stock, valued at $145,308.96. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Christopher H. Volk bought 11,100 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was acquired at an average price of $22.75 per share, for a total transaction of $252,525.00. Following the completion of the purchase, the insider now directly owns 246,373 shares in the company, valued at $5,604,985.75. The disclosure for this purchase can be found here. Insiders acquired a total of 45,495 shares of company stock worth $999,531 over the last 90 days. Corporate insiders own 1.05% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY raised its position in shares of Store Capital Corp by 2.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,867 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 367 shares in the last quarter. Sigma Planning Corp acquired a new position in shares of Store Capital Corp during the first quarter worth $355,000. State Street Corp raised its position in shares of Store Capital Corp by 9.9% in the fourth quarter. State Street Corp now owns 2,113,735 shares of the real estate investment trust’s stock worth $52,233,000 after buying an additional 190,645 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Store Capital Corp by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 107,825 shares of the real estate investment trust’s stock worth $2,664,000 after buying an additional 2,089 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Store Capital Corp by 95.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,544,303 shares of the real estate investment trust’s stock worth $38,158,000 after buying an additional 755,643 shares in the last quarter.
Shares of Store Capital Corp (NYSE:STOR) traded down 0.92% on Friday, hitting $20.56. The company had a trading volume of 1,039,036 shares. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 24.86 and a beta of 0.23. The company has a 50 day moving average price of $22.71 and a 200 day moving average price of $23.96. Store Capital Corp has a 1-year low of $19.65 and a 1-year high of $31.44.
About Store Capital Corp
STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. As of December 31, 2016, the Company owned a portfolio that consisted of investments in 1,660 property locations operated by 360 customers across 48 states.
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