Drive Shack Inc. (DS) Scheduled to Post Quarterly Earnings on Wednesday
Drive Shack Inc. (NYSE:DS) is set to announce its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of ($0.06) per share for the quarter.
Drive Shack (NYSE:DS) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.15. The firm had revenue of $81.36 million for the quarter, compared to the consensus estimate of $84.48 million. Drive Shack had a negative net margin of 7.05% and a positive return on equity of 25.92%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 EPS. On average, analysts expect Drive Shack to post $-0.43 EPS for the current fiscal year and $-0.06 EPS for the next fiscal year.
Drive Shack Inc. (NYSE:DS) traded down 1.233% during mid-day trading on Tuesday, hitting $3.605. 140,015 shares of the stock traded hands. The company has a 50-day moving average of $3.45 and a 200 day moving average of $3.27. Drive Shack Inc. has a 1-year low of $2.41 and a 1-year high of $4.69. The firm’s market capitalization is $241.29 million.
TRADEMARK VIOLATION NOTICE: “Drive Shack Inc. (DS) Scheduled to Post Quarterly Earnings on Wednesday” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/10/31/drive-shack-inc-ds-scheduled-to-post-quarterly-earnings-on-wednesday.html.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in Drive Shack by 2,622.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 59,219 shares of the real estate investment trust’s stock worth $187,000 after buying an additional 57,044 shares in the last quarter. California State Teachers Retirement System bought a new stake in Drive Shack in the 2nd quarter worth about $347,000. Finally, State Street Corp increased its holdings in Drive Shack by 626.6% in the 2nd quarter. State Street Corp now owns 741,630 shares of the real estate investment trust’s stock worth $2,335,000 after buying an additional 639,566 shares in the last quarter. Institutional investors own 41.64% of the company’s stock.
About Drive Shack
Drive Shack Inc, formerly Newcastle Investment Corp., is a leisure company. The Company is an owner and operator of golf-related leisure and entertainment businesses. The Company’s portfolio consists of Drive Shack, which is engaged in developing nationwide network of golf entertainment venues; American Golf Corporation, which is a golf course company, and real estate-related assets.
Receive News & Ratings for Drive Shack Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Drive Shack Inc. and related companies with MarketBeat.com's FREE daily email newsletter.