Equities research analysts expect Paramount Group Inc (NYSE:PGRE) to announce earnings per share of $0.21 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Paramount Group’s earnings. The highest EPS estimate is $0.22 and the lowest is $0.20. Paramount Group posted earnings of $0.18 per share in the same quarter last year, which indicates a positive year over year growth rate of 16.7%. The firm is scheduled to report its next earnings results after the market closes on Thursday, February 15th.
On average, analysts expect that Paramount Group will report full year earnings of $0.89 per share for the current year, with EPS estimates ranging from $0.87 to $0.92. For the next year, analysts anticipate that the business will report earnings of $0.94 per share, with EPS estimates ranging from $0.91 to $0.96. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Paramount Group.
PGRE has been the topic of a number of recent analyst reports. Zacks Investment Research raised Paramount Group from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, November 15th. TheStreet raised Paramount Group from a “d+” rating to a “c-” rating in a research report on Thursday, December 21st. Finally, Goldman Sachs Group raised Paramount Group from a “sell” rating to a “neutral” rating and set a $16.00 target price on the stock in a research report on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.60.
Paramount Group (NYSE PGRE) opened at $14.21 on Monday. Paramount Group has a 52-week low of $13.76 and a 52-week high of $17.58. The stock has a market capitalization of $3,411.45, a P/E ratio of 38.41, a price-to-earnings-growth ratio of 3.05 and a beta of 0.67.
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Paramount Group Company Profile
Paramount Group, Inc is a fully-integrated real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (DC) and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership).
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