Care Capital Properties, Inc. (NYSE:CCP) Set to Announce Earnings on Wednesday
Care Capital Properties, Inc. (NYSE:CCP) is scheduled to release its earnings data before the market opens on Wednesday, August 9th. Analysts expect Care Capital Properties to post earnings of $0.40 per share for the quarter.
Care Capital Properties (NYSE:CCP) last issued its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.26. Care Capital Properties had a return on equity of 13.48% and a net margin of 45.61%. The company had revenue of $82.80 million for the quarter, compared to the consensus estimate of $83.32 million. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts expect Care Capital Properties to post $2.93 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Care Capital Properties, Inc. (NYSE:CCP) opened at 24.89 on Wednesday. The company has a 50 day moving average price of $26.01 and a 200-day moving average price of $26.06. The stock has a market cap of $2.09 billion, a P/E ratio of 13.25 and a beta of 0.39. Care Capital Properties, Inc. has a 12 month low of $22.70 and a 12 month high of $31.56.
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Several brokerages recently weighed in on CCP. JMP Securities raised shares of Care Capital Properties from an “underperform” rating to a “market perform” rating in a report on Monday, May 8th. Hilliard Lyons downgraded shares of Care Capital Properties from a “buy” rating to a “neutral” rating in a report on Monday, May 8th. BidaskClub raised shares of Care Capital Properties from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Mizuho reaffirmed a “neutral” rating on shares of Care Capital Properties in a report on Wednesday, June 28th. Finally, Zacks Investment Research raised shares of Care Capital Properties from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.
Care Capital Properties Company Profile
Care Capital Properties, Inc is a self-administered, self-managed real estate investment trust with a diversified portfolio of skilled nursing facilities (SNFs) and other healthcare assets operated by private regional and local care providers. The Company leases its properties to unaffiliated tenants under long-term triple-net leases, pursuant to which the tenants are obligated to pay all property-related expenses, including maintenance, utilities, repairs and taxes.
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