$0.29 Earnings Per Share Expected for Terreno Realty Corporation (TRNO) This Quarter
Equities research analysts expect Terreno Realty Corporation (NYSE:TRNO) to report $0.29 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Terreno Realty’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.30. Terreno Realty posted earnings of $0.02 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 1,350%. The firm is scheduled to report its next earnings report on Wednesday, February 14th.
On average, analysts expect that Terreno Realty will report full-year earnings of $1.10 per share for the current financial year, with EPS estimates ranging from $1.09 to $1.12. For the next year, analysts expect that the business will report earnings of $1.23 per share, with EPS estimates ranging from $1.18 to $1.27. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Terreno Realty.
Several analysts have weighed in on TRNO shares. Zacks Investment Research downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $41.00 price objective (up from $37.00) on shares of Terreno Realty in a research note on Tuesday, November 7th. KeyCorp reaffirmed a “buy” rating on shares of Terreno Realty in a research note on Wednesday, September 6th. B. Riley reaffirmed a “neutral” rating on shares of Terreno Realty in a research note on Friday, November 3rd. Finally, National Securities upped their price objective on shares of Terreno Realty from $33.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $37.50.
Terreno Realty (NYSE TRNO) opened at $36.36 on Thursday. Terreno Realty has a 1 year low of $26.30 and a 1 year high of $38.54. The stock has a market cap of $1,960.04, a price-to-earnings ratio of 34.88, a P/E/G ratio of 3.26 and a beta of 0.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.87 and a quick ratio of 4.87.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.22 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.42%. Terreno Realty’s payout ratio is currently 114.29%.
ILLEGAL ACTIVITY NOTICE: “$0.29 Earnings Per Share Expected for Terreno Realty Corporation (TRNO) This Quarter” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/07/0-29-earnings-per-share-expected-for-terreno-realty-corporation-trno-this-quarter-2.html.
Terreno Realty Company Profile
Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Terreno Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terreno Realty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.