Equities analysts expect Four Corners Property Trust Inc (NYSE:FCPT) to announce sales of $34.76 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Four Corners Property Trust’s earnings. The highest sales estimate is $34.78 million and the lowest is $34.73 million. Four Corners Property Trust posted sales of $32.71 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, April 25th.
On average, analysts expect that Four Corners Property Trust will report full-year sales of $142.19 million for the current financial year, with estimates ranging from $141.25 million to $143.12 million. For the next fiscal year, analysts expect that the business will post sales of $151.24 million per share, with estimates ranging from $148.48 million to $154.01 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Four Corners Property Trust.
Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Tuesday, February 20th. The financial services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). The firm had revenue of $33.84 million for the quarter, compared to analyst estimates of $34.16 million. Four Corners Property Trust had a return on equity of 13.49% and a net margin of 53.59%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Fund Management S.A. acquired a new position in Four Corners Property Trust in the fourth quarter valued at $352,000. Beacon Investment Advisory Services Inc. acquired a new position in Four Corners Property Trust in the third quarter valued at $560,000. Swiss National Bank boosted its stake in Four Corners Property Trust by 4.3% in the fourth quarter. Swiss National Bank now owns 104,207 shares of the financial services provider’s stock valued at $2,678,000 after acquiring an additional 4,300 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in Four Corners Property Trust in the third quarter valued at $558,000. Finally, Strs Ohio boosted its stake in Four Corners Property Trust by 2.8% in the fourth quarter. Strs Ohio now owns 97,638 shares of the financial services provider’s stock valued at $2,509,000 after acquiring an additional 2,662 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.
Shares of FCPT stock traded up $0.13 on Friday, reaching $22.48. 583,497 shares of the stock were exchanged, compared to its average volume of 320,630. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.99. The company has a market cap of $1,409.58, a P/E ratio of 16.53 and a beta of -0.01. Four Corners Property Trust has a twelve month low of $21.28 and a twelve month high of $26.96.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.10 annualized dividend and a yield of 4.89%. Four Corners Property Trust’s dividend payout ratio is presently 80.88%.
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Four Corners Property Trust Company Profile
Four Corners Property Trust, Inc is a self-administered company and real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and food service related industries. The Company operates through two segments: real estate operations and restaurant operations.
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