Tanger Factory Outlet Centers (NYSE:SKT) will be releasing its earnings data after the market closes on Monday, February 12th. Analysts expect Tanger Factory Outlet Centers to post earnings of $0.28 per share for the quarter. Tanger Factory Outlet Centers has set its FY17 guidance at $2.41-2.45 EPS.
Tanger Factory Outlet Centers (NYSE:SKT) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.60 by ($0.77). Tanger Factory Outlet Centers had a net margin of 12.34% and a return on equity of 8.98%. The company had revenue of $120.77 million for the quarter, compared to analysts’ expectations of $117.51 million. On average, analysts expect Tanger Factory Outlet Centers to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Tanger Factory Outlet Centers (NYSE:SKT) opened at $23.79 on Monday. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.10 and a current ratio of 0.10. Tanger Factory Outlet Centers has a fifty-two week low of $21.81 and a fifty-two week high of $34.88. The company has a market cap of $2,250.00, a price-to-earnings ratio of 38.37, a PEG ratio of 3.04 and a beta of 0.44.
Several equities analysts have recently commented on the stock. ValuEngine cut shares of Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research cut shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Bank of America upgraded shares of Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a report on Thursday, November 9th. Boenning Scattergood upgraded shares of Tanger Factory Outlet Centers from an “under perform” rating to a “neutral” rating in a report on Friday, November 3rd. Finally, Jefferies Group restated a “hold” rating and set a $24.00 price target on shares of Tanger Factory Outlet Centers in a report on Friday, December 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $26.60.
In related news, CMO Carrie A. Geldner sold 2,250 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $24.50, for a total value of $55,125.00. Following the completion of the sale, the chief marketing officer now directly owns 51,261 shares in the company, valued at $1,255,894.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.80% of the company’s stock.
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Tanger Factory Outlet Centers Company Profile
Tanger Factory Outlet Centers, Inc is an owner and operator of outlet centers in the United States and Canada. The Company is a fully-integrated, self-administered and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating and managing outlet shopping centers.
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