$188.07 Million in Sales Expected for W.P. Carey Inc. (WPC) This Quarter
Equities research analysts expect that W.P. Carey Inc. (NYSE:WPC) will post sales of $188.07 million for the current quarter, according to Zacks. Two analysts have issued estimates for W.P. Carey’s earnings, with the highest sales estimate coming in at $205.17 million and the lowest estimate coming in at $170.98 million. W.P. Carey reported sales of $228.78 million during the same quarter last year, which indicates a negative year over year growth rate of 17.8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that W.P. Carey will report full-year sales of $188.07 million for the current financial year, with estimates ranging from $670.18 million to $878.00 million. For the next fiscal year, analysts expect that the firm will post sales of $806.11 million per share, with estimates ranging from $706.05 million to $902.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for W.P. Carey.
W.P. Carey (NYSE:WPC) last announced its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.21. The company had revenue of $210.00 million during the quarter, compared to the consensus estimate of $212.72 million. W.P. Carey had a return on equity of 7.25% and a net margin of 31.28%. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.34 earnings per share.
Several institutional investors and hedge funds have recently made changes to their positions in WPC. New England Private Wealth Advisors LLC boosted its holdings in W.P. Carey by 0.4% during the second quarter. New England Private Wealth Advisors LLC now owns 4,264 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 17 shares in the last quarter. DF Dent & Co. Inc. raised its stake in shares of W.P. Carey by 0.4% in the 2nd quarter. DF Dent & Co. Inc. now owns 5,779 shares of the real estate investment trust’s stock valued at $381,000 after acquiring an additional 21 shares in the last quarter. Advisory Services Network LLC increased its position in W.P. Carey by 0.5% in the 2nd quarter. Advisory Services Network LLC now owns 11,349 shares of the real estate investment trust’s stock worth $749,000 after buying an additional 52 shares during the period. The Manufacturers Life Insurance Company boosted its stake in W.P. Carey by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,052 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 87 shares in the last quarter. Finally, Morse Asset Management Inc lifted its holdings in W.P. Carey by 1.6% during the 2nd quarter. Morse Asset Management Inc now owns 6,500 shares of the real estate investment trust’s stock worth $429,000 after buying an additional 100 shares during the period. 48.76% of the stock is owned by institutional investors.
Shares of W.P. Carey (NYSE:WPC) opened at $71.18 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market capitalization of $7,650.44, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 3.98 and a beta of 0.95. W.P. Carey has a twelve month low of $55.97 and a twelve month high of $72.41.
W.P. Carey Company Profile
W. P. Carey provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio. It has two primary business segments. Under the investment management segment, the Company earns revenue as the advisor to publicly owned, non-actively traded real estate investment trusts (REITs), which are sponsored by the Company under the Corporate Property Associates brand name (the CPA REITs) and invests in similar properties.
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