Four Corners Property Trust, Inc. (FCPT) Scheduled to Post Quarterly Earnings on Wednesday
Four Corners Property Trust, Inc. (NYSE:FCPT) will be announcing its earnings results after the market closes on Wednesday, November 1st.
Four Corners Property Trust (NYSE:FCPT) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). Four Corners Property Trust had a return on equity of 17.21% and a net margin of 63.74%. The firm had revenue of $33.20 million during the quarter, compared to the consensus estimate of $33.33 million. During the same period in the previous year, the company posted $0.33 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts expect Four Corners Property Trust to post $1.37 EPS for the current fiscal year and $1.44 EPS for the next fiscal year.
Shares of Four Corners Property Trust, Inc. (NYSE FCPT) opened at 24.62 on Wednesday. The stock has a 50 day moving average of $25.21 and a 200 day moving average of $24.69. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 18.17 and a beta of 0.13. Four Corners Property Trust, Inc. has a 12-month low of $16.71 and a 12-month high of $25.94.
The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $0.243 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend was Thursday, September 28th. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 71.85%.
A number of research firms recently commented on FCPT. Canaccord Genuity began coverage on Four Corners Property Trust in a research note on Tuesday, July 18th. They issued a “hold” rating and a $26.00 price target for the company. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $28.00 price target (up previously from $27.00) on shares of Four Corners Property Trust in a research note on Friday, September 22nd. Zacks Investment Research raised Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Wednesday, July 12th. BidaskClub cut Four Corners Property Trust from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, UBS AG upgraded Four Corners Property Trust from a “market perform” rating to an “outperform” rating in a research report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $27.25.
About Four Corners Property Trust
Four Corners Property Trust, Inc is a self-administered company and real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and food service related industries. The Company operates through two segments: real estate operations and restaurant operations.
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