Equity Commonwealth (NYSE:EQC) Scheduled to Post Earnings on Monday
Equity Commonwealth (NYSE:EQC) is set to announce its earnings results after the market closes on Monday, July 24th.
Equity Commonwealth (NYSE:EQC) last posted its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by $0.02. The business had revenue of $99.50 million for the quarter, compared to analysts’ expectations of $102.72 million. Equity Commonwealth had a return on equity of 6.70% and a net margin of 45.41%. The company’s revenue was down 27.4% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. On average, analysts expect Equity Commonwealth to post $1.07 EPS for the current fiscal year and $1.13 EPS for the next fiscal year.
Equity Commonwealth (EQC) opened at 31.71 on Monday. Equity Commonwealth has a 1-year low of $28.04 and a 1-year high of $32.51. The firm’s 50 day moving average is $31.42 and its 200 day moving average is $31.17. The stock has a market capitalization of $3.93 billion, a P/E ratio of 21.38 and a beta of 0.08.
A number of research analysts have recently commented on EQC shares. Zacks Investment Research upgraded Equity Commonwealth from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Monday, May 8th. BidaskClub upgraded Equity Commonwealth from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.67.
Equity Commonwealth Company Profile
Equity Commonwealth is an internally managed and self-advised real estate investment trust. The Company is engaged in the ownership and operation primarily of office buildings across the United States. The Company conducts its activities primarily through EQC Operating Trust (the Operating Trust). As of December 31, 2016, the Company’s portfolio included 33 properties, one land parcel and one property taken out of a service, classified as a land parcel, with a combined 16.1 million square feet.
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