Wall Street brokerages expect Granite Real Estate (NASDAQ:GRP.U) (TSE:GRT.UN) to report $0.62 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Granite Real Estate’s earnings. Granite Real Estate posted earnings of $0.66 per share in the same quarter last year, which would indicate a negative year over year growth rate of 6.1%. The business is scheduled to announce its next quarterly earnings results on Wednesday, August 2nd.

According to Zacks, analysts expect that Granite Real Estate will report full-year earnings of $2.48 per share for the current year. For the next year, analysts anticipate that the business will report earnings of $2.53 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Granite Real Estate.

Separately, Zacks Investment Research raised shares of Granite Real Estate from a “sell” rating to a “hold” rating in a research report on Wednesday, May 24th.

The company also recently declared a dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be given a dividend of $0.159 per share. The ex-dividend date of this dividend is Monday, May 29th.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/06/13/0-62-earnings-per-share-expected-for-granite-real-estate-grp-u-this-quarter.html.

Get a free copy of the Zacks research report on Granite Real Estate (GRP.U)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Granite Real Estate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Real Estate and related companies with MarketBeat.com's FREE daily email newsletter.