Vornado Realty Trust (VNO) Set to Announce Earnings on Monday
Vornado Realty Trust (NYSE:VNO) is scheduled to be posting its quarterly earnings results after the market closes on Monday, July 31st. Analysts expect Vornado Realty Trust to post earnings of $0.50 per share for the quarter.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.64. The business had revenue of $620.85 million during the quarter, compared to analyst estimates of $642 million. Vornado Realty Trust had a return on equity of 6.84% and a net margin of 42.35%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company earned ($0.61) EPS. On average, analysts expect Vornado Realty Trust to post $4.17 EPS for the current fiscal year and $3.83 EPS for the next fiscal year.
Shares of Vornado Realty Trust (NYSE:VNO) opened at 78.69 on Monday. The company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 15.20 and a beta of 0.96. Vornado Realty Trust has a 1-year low of $77.26 and a 1-year high of $111.72. The stock has a 50 day moving average price of $76.18 and a 200 day moving average price of $81.05.
VNO has been the subject of a number of analyst reports. Bank of America Corporation restated a “buy” rating and issued a $113.00 price target (up from $112.00) on shares of Vornado Realty Trust in a research report on Thursday, June 22nd. Evercore ISI restated an “in-line” rating and issued a $107.00 price target (down from $111.00) on shares of Vornado Realty Trust in a research report on Thursday, May 4th. Barclays PLC upped their price target on Vornado Realty Trust from $101.00 to $104.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 28th. BidaskClub upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Deutsche Bank AG dropped their price target on Vornado Realty Trust from $105.00 to $103.00 and set a “hold” rating for the company in a research report on Thursday, May 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $100.63.
ILLEGAL ACTIVITY WARNING: “Vornado Realty Trust (VNO) Set to Announce Earnings on Monday” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/24/vornado-realty-trust-vno-set-to-announce-earnings-on-monday.html.
Vornado Realty Trust Company Profile
Vornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company’s New York segment consisted of 28.3 million square feet in 86 properties.
Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.