Simon Property Group, Inc. (SPG) to Release Quarterly Earnings on Tuesday
Simon Property Group, Inc. (NYSE:SPG) will be issuing its quarterly earnings data before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of $1.34 per share for the quarter. Simon Property Group has set its FY17 guidance at $11.45-11.55 EPS.
Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $2.74 earnings per share for the quarter, missing the consensus estimate of $2.76 by $0.02. Simon Property Group had a return on equity of 40.16% and a net margin of 34.99%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business earned $2.63 EPS. The firm’s revenue was up .7% compared to the same quarter last year. On average, analysts expect Simon Property Group to post $11.19 EPS for the current fiscal year and $12.19 EPS for the next fiscal year.
Simon Property Group, Inc. (SPG) opened at 160.04 on Tuesday. Simon Property Group, Inc. has a 1-year low of $150.15 and a 1-year high of $229.10. The company has a market cap of $49.96 billion, a price-to-earnings ratio of 27.39 and a beta of 0.58. The company’s 50-day moving average is $158.83 and its 200 day moving average is $169.09.
A number of research firms have weighed in on SPG. Jefferies Group LLC reissued a “buy” rating and set a $190.00 target price on shares of Simon Property Group in a research report on Monday, July 17th. Stifel Nicolaus began coverage on shares of Simon Property Group in a research report on Friday, July 14th. They set a “hold” rating and a $170.00 target price for the company. Barclays PLC decreased their target price on shares of Simon Property Group from $191.00 to $188.00 and set an “overweight” rating for the company in a research report on Tuesday, July 18th. BidaskClub raised shares of Simon Property Group from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 16th. Finally, Zacks Investment Research downgraded shares of Simon Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. Simon Property Group has an average rating of “Hold” and an average price target of $191.65.
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Simon Property Group Company Profile
Simon Property Group, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets.
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