Tag: Earnings

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Capital One Financial Analysts Cut Earnings Estimates for Enerplus Co. (TSE:ERF)

Enerplus Co. (TSE:ERF) (NYSE:ERF) – Investigate analysts at Capital A person Fiscal decreased their Q1 2022 EPS estimates for Enerplus in a report issued on Wednesday, January 5th. Money Just one Money analyst B. Velie now anticipates that the oil and normal gasoline organization will gain $.62 for every share for the quarter, down from their prior estimate of $.67. Money One particular Monetary also issued estimates for Enerplus’ Q2 2022 earnings at $.62 EPS and Q4 2022 earnings at $.67 EPS. Enerplus (TSE:ERF) (NYSE:ERF) previous posted its quarterly earnings details on Thursday, November 4th. The oil and organic gasoline organization noted C$.41 earnings for each share for the quarter, missing analysts’ consensus estimates of C$.48 by C($.07). The business experienced earnings of C$452.27 million for the quarter.

A number of other equities study analysts have also weighed in on ERF. TD Securities elevated their price tag objective on shares of Enerplus from C$13.00 to C$14.00 and gave the inventory a “invest in” ranking in a exploration note on Friday, November 5th. Countrywide Bankshares lifted their value focus on on shares of Enerplus from C$17.00 to C$19.00 in a exploration note on Thursday. Scotiabank lifted their selling price concentrate on on shares of Enerplus from C$13.50 to C$15.00 in a exploration note on Friday, November 19th. Raymond James raised their value target on shares of Enerplus from C$15.00 to C$15.50 and gave the enterprise an “outperform” ranking in a analysis be aware on Friday, November 5th. Finally, BMO Money Marketplaces elevated their value concentrate on on shares of Enerplus from C$14.00 to C$15.00 and gave the enterprise a “na” rating in a investigation take note on Friday, November 5th. Eight expenditure analysts have rated the inventory with a purchase rating, According to MarketBeat.com, the company has an typical ranking of “Obtain” and a consensus target price tag of C$15.05.

ERF opened at C$14.07 on Monday. The company has a market cap of C$3.59 billion and a price-to-earnings ratio of -24.99. Enerplus has a fifty-two 7 days minimal of C$3.94 and a fifty-two 7 days higher of C$14.44. The company’s 50-working day going ordinary selling price is C$12.79 and its 200 day relocating common price is C$10.09. The firm has a rapid ratio of .44, a present-day ratio of .45 and a personal debt-to-fairness ratio of 165.66.

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In other Enerplus news, Senior Officer Ian Charles Dundas acquired 5,000 shares of Enerplus inventory in a transaction that happened on Friday, November 19th. The inventory was procured at an normal price of C$12.04 per share, for a complete transaction of C$60,202.50. Pursuing the completion of the acquisition, the insider now owns 299,852 shares of the firm’s stock, valued at roughly C$3,610,368.01.

The organization also lately introduced a quarterly dividend, which was paid out on Wednesday, December 15th. Traders of history on Tuesday, November 30th were being issued a dividend of $.041 for every share. This represents a $.16 dividend on an annualized basis and a yield of 1.17{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is a strengthen from Enerplus’s previous quarterly dividend of $.04. The ex-dividend date of this dividend was Monday, November 29th. Enerplus’s dividend payout ratio (DPR) is presently -25.04{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Enerplus

Enerplus Company, together with subsidiaries, engages in the exploration and growth of crude oil and natural gas in the United States and Canada. The company’s oil and all-natural fuel homes are located primarily in North Dakota, Montana, Colorado, and Pennsylvania and Alberta, British Columbia, and Saskatchewan.

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This instantaneous news notify was created by narrative science engineering and fiscal details from MarketBeat in order to supply viewers with the fastest and most correct reporting. This story was reviewed by MarketBeat’s editorial group prior to publication. Please mail any inquiries or responses about this story to [email protected]

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Capital One Financial Analysts Lift Earnings Estimates for Occidental Petroleum Co. (NYSE:OXY)

Occidental Petroleum Co. (NYSE:OXY) – Investment analysts at Capital One Financial boosted their FY2021 earnings estimates for Occidental Petroleum in a research note issued on Wednesday, January 5th. Capital One Financial analyst R. Tullis now anticipates that the oil and gas producer will post earnings per share of $2.24 for the year, up from their prior estimate of $2.11. Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Thursday, November 4th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.21. The business had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.57 billion. Occidental Petroleum had a positive return on equity of 7.75{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a negative net margin of 1.51{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business’s quarterly revenue was up 107.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.84) EPS.

OXY has been the subject of several other reports. Wells Fargo & Company downgraded Occidental Petroleum from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $35.00 to $29.00 in a research note on Wednesday. Truist raised Occidental Petroleum from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $50.00 in a research note on Monday, October 18th. Citigroup boosted their target price on Occidental Petroleum from $35.00 to $38.00 in a research report on Monday. Zacks Investment Research cut Occidental Petroleum from a “strong-buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a research report on Tuesday, December 28th. Finally, Societe Generale boosted their target price on Occidental Petroleum from $35.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of “Buy” and a consensus target price of $35.67.

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Occidental Petroleum stock opened at $32.76 on Friday. The stock has a 50-day simple moving average of $30.77 and a 200-day simple moving average of $29.27. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.89 and a current ratio of 1.08. The company has a market capitalization of $30.60 billion, a P/E ratio of -26.85, a PEG ratio of 0.37 and a beta of 2.32. Occidental Petroleum has a fifty-two week low of $19.00 and a fifty-two week high of $35.75.

A number of large investors have recently made changes to their positions in the business. Crestmont Private Wealth LLC acquired a new stake in Occidental Petroleum during the 4th quarter valued at $54,000. Balyasny Asset Management LLC acquired a new stake in Occidental Petroleum during the 3rd quarter valued at $34,553,000. Patriot Financial Group Insurance Agency LLC grew its holdings in Occidental Petroleum by 51.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 10,662 shares of the oil and gas producer’s stock valued at $315,000 after buying an additional 3,643 shares during the last quarter. American International Group Inc. grew its holdings in Occidental Petroleum by 2.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. American International Group Inc. now owns 314,186 shares of the oil and gas producer’s stock valued at $9,294,000 after buying an additional 8,063 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Occidental Petroleum by 5.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Bank of New York Mellon Corp now owns 8,775,281 shares of the oil and gas producer’s stock worth $259,572,000 after purchasing an additional 444,442 shares during the period. Hedge funds and other institutional investors own 66.34{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 14th. Shareholders of record on Friday, December 10th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.12{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date is Thursday, December 9th. Occidental Petroleum’s dividend payout ratio (DPR) is presently -3.28{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Occidental Petroleum Company Profile

Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas.

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Earnings History and Estimates for Occidental Petroleum (NYSE:OXY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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Analysts Anticipate The Bancorp, Inc. (NASDAQ:TBBK) to Announce $0.45 Earnings Per Share

Analysts forecast that The Bancorp, Inc. (NASDAQ:TBBK) will report $.45 earnings per share (EPS) for the recent fiscal quarter, in accordance to Zacks Investment Analysis. Two analysts have manufactured estimates for Bancorp’s earnings. The maximum EPS estimate is $.45 and the most affordable is $.44. Bancorp described earnings of $.41 per share in the exact quarter final yr, which implies a positive year over 12 months advancement level of 9.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The organization is scheduled to announce its following quarterly earnings report on Thursday, January 27th.

On typical, analysts expect that Bancorp will report total-year earnings of $1.86 for every share for the current fiscal year. For the following fiscal year, analysts be expecting that the business will put up earnings of $2.17 for each share, with EPS estimates ranging from $2.15 to $2.19. Zacks’ EPS calculations are an typical centered on a survey of research analysts that cover Bancorp.

Bancorp (NASDAQ:TBBK) previous posted its quarterly earnings facts on Wednesday, October 27th. The financial institution noted $.48 earnings per share for the quarter, topping the consensus estimate of $.43 by $.05. Bancorp experienced a return on equity of 17.65{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 33.47{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The organization experienced revenue of $77.48 million for the quarter, in comparison to analysts’ expectations of $79.41 million. For the duration of the exact quarter last yr, the small business acquired $.40 EPS.

TBBK has been the subject of a variety of current analyst stories. Zacks Financial investment Analysis raised Bancorp from a “hold” ranking to a “invest in” ranking and set a $26.00 selling price goal on the inventory in a study observe on Wednesday. Raymond James lifted their cost goal on Bancorp from $30.00 to $38.00 and gave the stock a “potent-get” rating in a exploration observe on Monday, November 1st.

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In other information, insider Erika R. Caesar bought 4,000 shares of the stock in a transaction dated Tuesday, November 9th. The inventory was sold at an common cost of $32.20, for a full transaction of $128,800.00. The sale was disclosed in a doc filed with the SEC, which is obtainable by the SEC web site. 4.50{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by company insiders.

A selection of hedge cash and other institutional traders have just lately included to or decreased their stakes in the inventory. JCSD Cash LLC acquired a new stake in Bancorp throughout the 3rd quarter really worth approximately $31,000. Captrust Economical Advisors lifted its holdings in shares of Bancorp by 43.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} throughout the 3rd quarter. Captrust Economical Advisors now owns 1,382 shares of the bank’s stock valued at $35,000 soon after paying for an extra 418 shares through the final quarter. Zurcher Kantonalbank Zurich Cantonalbank amplified its placement in shares of Bancorp by 69.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,948 shares of the bank’s inventory valued at $114,000 soon after acquiring an added 2,030 shares through the period. Mutual of The united states Money Management LLC obtained a new place in shares of Bancorp in the 2nd quarter valued at $167,000. Eventually, Shell Asset Administration Co. obtained a new placement in shares of Bancorp in the 2nd quarter valued at $173,000. Institutional buyers individual 90.63{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the firm’s inventory.

Shares of TBBK inventory opened at $24.82 on Friday. The business’s 50-working day shifting regular price tag is $28.81 and its 200-day moving regular price tag is $25.74. Bancorp has a 12 thirty day period lower of $12.69 and a 12 month large of $33.36. The business has a market capitalization of $1.41 billion, a rate-to-earnings ratio of 13.56 and a beta of 1.47. The organization has a existing ratio of .92, a rapid ratio of .64 and a credit card debt-to-fairness ratio of .24.

About Bancorp

The Bancorp, Inc operates as a economical holding enterprise. The business engages in the provision of personal label banking and monetary providers by means of the Bank. It operates by means of the following segments: Specialty Finance, Payments and Corporate. The Specialty Finance consists of professional mortgage loan bank loan sales and securitizations, smaller business enterprise administration loans immediate lease funding and safety and insurance coverage backed lines of credit history and deposits created by business enterprise lines.

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Earnings History and Estimates for Bancorp (NASDAQ:TBBK)

This quick news alert was produced by narrative science technologies and financial facts from MarketBeat in purchase to provide visitors with the speediest and most precise reporting. This story was reviewed by MarketBeat’s editorial group prior to publication. Make sure you deliver any concerns or remarks about this tale to [email protected]

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Zacks: Analysts Anticipate Regions Financial Co. (NYSE:RF) to Post $0.49 Earnings Per Share

Brokerages predict that Regions Financial Co. (NYSE:RF) will announce $0.49 earnings per share for the current quarter, according to Zacks. Six analysts have issued estimates for Regions Financial’s earnings, with estimates ranging from $0.41 to $0.56. Regions Financial reported earnings of $0.62 per share during the same quarter last year, which would indicate a negative year over year growth rate of 21{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company is expected to issue its next earnings results before the market opens on Thursday, January 20th.

According to Zacks, analysts expect that Regions Financial will report full year earnings of $2.56 per share for the current fiscal year, with EPS estimates ranging from $2.42 to $2.64. For the next year, analysts expect that the firm will post earnings of $2.08 per share, with EPS estimates ranging from $1.88 to $2.21. Zacks’ EPS calculations are an average based on a survey of analysts that cover Regions Financial.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Thursday, October 21st. The bank reported $0.65 EPS for the quarter, topping the consensus estimate of $0.53 by $0.12. Regions Financial had a net margin of 40.43{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 16.44{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. Regions Financial’s quarterly revenue was down 1.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year.

A number of brokerages have recently weighed in on RF. Morgan Stanley boosted their price target on Regions Financial from $26.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 6th. Barclays boosted their price target on Regions Financial from $23.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, October 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Regions Financial in a research report on Friday, December 17th. Wedbush upgraded Regions Financial from a “neutral” rating to an “outperform” rating and upped their target price for the company from $26.40 to $29.00 in a research report on Monday, October 25th. Finally, Truist upped their target price on Regions Financial from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.83.

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In other news, EVP Amala Duggirala sold 25,000 shares of the stock in a transaction on Wednesday, November 10th. The stock was sold at an average price of $24.50, for a total transaction of $612,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.21{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its position in Regions Financial by 4.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Russell Investments Group Ltd. now owns 1,074,515 shares of the bank’s stock valued at $21,678,000 after purchasing an additional 44,190 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Regions Financial by 93.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,809,911 shares of the bank’s stock worth $36,524,000 after acquiring an additional 874,226 shares in the last quarter. Capital Fund Management S.A. raised its position in shares of Regions Financial by 241.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 2nd quarter. Capital Fund Management S.A. now owns 238,815 shares of the bank’s stock worth $4,819,000 after acquiring an additional 168,933 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Regions Financial by 2.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. New York State Teachers Retirement System now owns 1,358,993 shares of the bank’s stock worth $28,960,000 after acquiring an additional 33,515 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of Regions Financial during the 2nd quarter worth about $4,918,000. Institutional investors own 73.03{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Shares of RF stock traded up $0.18 on Friday, hitting $21.52. The stock had a trading volume of 4,489,235 shares, compared to its average volume of 7,932,989. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $23.21 and a 200 day moving average price of $21.29. The company has a market cap of $20.51 billion, a PE ratio of 8.09, a P/E/G ratio of 0.52 and a beta of 1.45. Regions Financial has a one year low of $15.69 and a one year high of $24.89.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 3rd. Shareholders of record on Friday, December 3rd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.16{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date of this dividend is Thursday, December 2nd. Regions Financial’s payout ratio is currently 25.56{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Regions Financial Company Profile

Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other financing. The firm operates through the following segments: Corporate Bank, Consumer Bank, and Wealth Management.

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Earnings History and Estimates for Regions Financial (NYSE:RF)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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FactSet Stock Hits Record High After Analysts Boost Price Targets Post Solid Q1 Earnings

FactSet Study shares scaled to a new report significant on Wednesday as many equity analysts lifted their rate targets right after the money knowledge and program business conquer earnings and earnings estimates for the fiscal to start with quarter.

The Norwalk, Connecticut-based mostly company that supplies fiscal analytics and services to the financial investment group globally described quarterly adjusted earnings of $3.25​​ per share for the quarter ended in November, beating the sector expectations of $3.00 for each share.

The info business reported its revenue jumped in excess of 9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to $424.73 million from a year previously, also topping the Wall Road consensus estimates of $419.13 million.

For the total yr, the agency anticipates earnings amongst $12.30 to $12.50 for each share range, with revenue in the vary of $1.71 billion to $1.72 billion.

Following this, FactSet stock hit a history higher of $478.89 on Wednesday. It soared above 43{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} so much this year.

FactSet Inventory Selling price Forecast

Morgan Stanley raised the foundation target selling price of $352 from $323 with a significant of $556 underneath a bull circumstance and $196 beneath the worst-case circumstance. The organization gave an “Underweight” ranking on the monetary analytics company’s stock.

“Strong organic growth led to a beat in the quarter, though new CFO, Linda Huber, provided insight into margin initiatives. We proceed to favor other names across the Facts Expert services team with bigger EPS development that trade at lessen multiples. We raise our rate focus on to $352, but stay UW,” pointed out Toni Kaplan, equity analyst at Morgan Stanley.

“We believe that FactSet’s (FDS) several is at hazard provided FDS trades at a significant high quality to its heritage and peers. We like other shares in our Analytics coverage that provide far better worth on a advancement-modified basis. Marketplace conditions proceed to be tough, pressuring expansion. We presume a CAGR (’19-’25E) of 6.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for revenues with adj. working margins of ~34{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in 2025.”

Many other analysts have also up to date their stock outlook. CFRA elevated the target cost to $470. Jefferies lifted the concentrate on price to $482 from $388. Stifel upped the target value to $468 from $400. Credit score Suisse increased the target rate to $475 from $395.

Complex examination also suggests it is superior to get now as 100-working day Going Normal and 100-200-working day MACD Oscillator alerts a sturdy purchasing possibility.

However, ten analysts who supplied inventory scores for FactSet in the past a few months forecast the typical price in 12 months of $439.67 with a higher forecast of $550.00 and a very low forecast of $351.00.

The typical selling price concentrate on signifies a -7.91{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} improve from the very last price of $477.43. Of these ten analysts, two rated “Buy”, five rated “Hold” even though a few rated “Sell”, according to Tipranks.

Analyst Feedback

“What to do with FactSet (FDS) shares: Invest in far more if you feel FY2022 organic ASV can development previously mentioned the higher close of advice assortment and that for a longer period-term there could be harmony sheet and portfolio-driven catalysts that are underappreciated (even further M&A and so forth.). We prefer the sidelines for now and hold out for a far better entry position,” mentioned Hamzah Mazari, equity analyst at Jefferies.

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Capital One Financial Analysts Lift Earnings Estimates for STAG Industrial, Inc. (NYSE:STAG)

STAG Industrial, Inc. (NYSE:STAG) – Equities researchers at Capital One Financial lifted their FY2021 earnings per share estimates for shares of STAG Industrial in a note issued to investors on Thursday, December 9th. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will earn $2.06 per share for the year, up from their prior forecast of $2.05. Capital One Financial also issued estimates for STAG Industrial’s Q1 2022 earnings at $0.53 EPS, Q2 2022 earnings at $0.55 EPS, Q4 2022 earnings at $0.56 EPS, FY2022 earnings at $2.19 EPS, Q1 2023 earnings at $0.56 EPS, Q2 2023 earnings at $0.58 EPS, Q3 2023 earnings at $0.58 EPS, FY2023 earnings at $2.31 EPS, FY2024 earnings at $2.45 EPS and FY2025 earnings at $2.59 EPS. STAG Industrial (NYSE:STAG) last announced its quarterly earnings data on Thursday, October 28th. The real estate investment trust reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.21). STAG Industrial had a return on equity of 7.28{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 37.23{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company had revenue of $142.11 million for the quarter, compared to analysts’ expectations of $140.41 million. During the same quarter in the previous year, the business posted $0.46 EPS. The business’s quarterly revenue was up 19.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year.

A number of other equities analysts also recently commented on the company. Raymond James lifted their price objective on STAG Industrial from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, November 1st. Zacks Investment Research upgraded STAG Industrial from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Friday, November 26th. Finally, Royal Bank of Canada lifted their price objective on STAG Industrial from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, November 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $43.67.

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Shares of STAG Industrial stock opened at $43.93 on Friday. STAG Industrial has a one year low of $29.40 and a one year high of $45.20. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 4.11 and a beta of 0.93. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.57 and a current ratio of 1.57. The business’s 50 day moving average price is $42.85 and its 200 day moving average price is $40.88.

A number of large investors have recently bought and sold shares of the business. Johnson Investment Counsel Inc. raised its holdings in shares of STAG Industrial by 10.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Johnson Investment Counsel Inc. now owns 59,984 shares of the real estate investment trust’s stock valued at $2,252,000 after buying an additional 5,500 shares during the period. Kempen Capital Management N.V. raised its holdings in shares of STAG Industrial by 6.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Kempen Capital Management N.V. now owns 618,563 shares of the real estate investment trust’s stock valued at $23,153,000 after buying an additional 35,250 shares during the period. H&H Retirement Design & Management INC raised its holdings in shares of STAG Industrial by 5.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. H&H Retirement Design & Management INC now owns 106,026 shares of the real estate investment trust’s stock valued at $4,328,000 after buying an additional 5,184 shares during the period. Amundi purchased a new stake in shares of STAG Industrial in the 2nd quarter valued at $4,393,000. Finally, M&T Bank Corp raised its holdings in shares of STAG Industrial by 3.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. M&T Bank Corp now owns 13,169 shares of the real estate investment trust’s stock valued at $493,000 after buying an additional 417 shares during the period. Institutional investors own 85.95{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 18th. Shareholders of record on Friday, December 31st will be given a $0.1208 dividend. The ex-dividend date of this dividend is Thursday, December 30th. This represents a $1.45 dividend on an annualized basis and a yield of 3.30{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. STAG Industrial’s dividend payout ratio is currently 115.08{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment trust, which focuses on acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.

Further Reading: Are Wall Street analysts’ stock ratings worth following?

Earnings History and Estimates for STAG Industrial (NYSE:STAG)

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