Brokerages Anticipate Four Corners Property Trust Inc (FCPT) Will Announce Quarterly Sales of $34.76 Million

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%.



FCPT has been the subject of a number of analyst reports. Ladenburg Thalmann reiterated a “buy” rating and set a $26.00 target price (down previously from $28.00) on shares of Four Corners Property Trust in a research note on Friday, February 23rd. Zacks Investment Research downgraded shares of Four Corners Property Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Four Corners Property Trust has an average rating of “Hold” and an average target price of $26.75.

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%.

COPYRIGHT VIOLATION WARNING: This story was published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://dakotafinancialnews.com/2018/04/14/brokerages-anticipate-four-corners-property-trust-inc-fcpt-will-announce-quarterly-sales-of-34-76-million.html.

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.

Get a free copy of the Zacks research report on Four Corners Property Trust (FCPT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Four Corners Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Four Corners Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply