Equities analysts expect Washington Prime Group Inc (NYSE:WPG) to report earnings of $0.44 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Washington Prime Group’s earnings. Washington Prime Group posted earnings of $0.48 per share during the same quarter last year, which would indicate a negative year over year growth rate of 8.3%. The business is scheduled to report its next earnings report after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that Washington Prime Group will report full year earnings of $1.63 per share for the current year. For the next year, analysts anticipate that the firm will post earnings of $1.59 per share, with EPS estimates ranging from $1.56 to $1.61. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Washington Prime Group.
Several research analysts have recently weighed in on the stock. ValuEngine cut shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of Washington Prime Group from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. SunTrust Banks set a $8.00 price target on shares of Washington Prime Group and gave the stock a “hold” rating in a research note on Monday, January 22nd. Finally, Boenning Scattergood reiterated a “sell” rating on shares of Washington Prime Group in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Washington Prime Group presently has an average rating of “Hold” and a consensus price target of $8.00.
Shares of Washington Prime Group (NYSE WPG) traded down $0.06 during trading on Thursday, hitting $6.09. 384,981 shares of the stock traded hands, compared to its average volume of 2,367,339. The stock has a market cap of $1,150.05, a PE ratio of 7.06 and a beta of 0.74. Washington Prime Group has a 1-year low of $5.83 and a 1-year high of $9.81. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.34.
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Washington Prime Group Company Profile
Washington Prime Group Inc (WPG Inc), formerly WP Glimcher Inc, operates as a self-administered and self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, development and management of retail real estate within the United States. The Company owns, develops and manages enclosed retail properties and community centers.
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