Washington Prime Group Inc. (WPG) to Release Earnings on Wednesday
Washington Prime Group Inc. (NYSE:WPG) will be announcing its earnings results after the market closes on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Washington Prime Group has set its Q2 guidance at $0.40 – $0.42 EPS and its FY17 guidance at $1.64 – $1.70 EPS.
Washington Prime Group (NYSE:WPG) last released its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. The company had revenue of $202.39 million for the quarter, compared to analyst estimates of $198.72 million. Washington Prime Group had a net margin of 8.13% and a return on equity of 6.36%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. On average, analysts expect Washington Prime Group to post $1.05 EPS for the current fiscal year and $0.33 EPS for the next fiscal year.
Washington Prime Group Inc. (NYSE WPG) opened at 8.89 on Wednesday. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 30.66 and a beta of 0.91. Washington Prime Group Inc. has a 12-month low of $7.31 and a 12-month high of $14.15. The firm has a 50-day moving average of $8.21 and a 200-day moving average of $8.81.
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In other Washington Prime Group news, CEO Louis G. Conforti acquired 12,125 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was purchased at an average cost of $8.25 per share, for a total transaction of $100,031.25. Following the transaction, the chief executive officer now owns 40,825 shares of the company’s stock, valued at approximately $336,806.25. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.26% of the company’s stock.
WPG has been the subject of a number of research reports. Zacks Investment Research upgraded Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. BidaskClub upgraded Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, ValuEngine lowered Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th.
Washington Prime Group Company Profile
Washington Prime Group Inc (WPG Inc), formerly WP Glimcher Inc, operates as a self-administered and self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, development and management of retail real estate within the United States. The Company owns, develops and manages enclosed retail properties and community centers.
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