Zacks: Analysts Expect Invitation Homes Inc (INVH) to Post $0.29 EPS

Wall Street brokerages predict that Invitation Homes Inc (NYSE:INVH) will announce earnings per share (EPS) of $0.29 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Invitation Homes’ earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.28. Invitation Homes reported earnings per share of $0.02 during the same quarter last year, which would suggest a positive year-over-year growth rate of 1,350%. The firm is expected to report its next quarterly earnings results on Thursday, August 9th.

According to Zacks, analysts expect that Invitation Homes will report full-year earnings of $1.18 per share for the current year, with EPS estimates ranging from $1.16 to $1.20. For the next year, analysts anticipate that the business will post earnings of $1.28 per share, with EPS estimates ranging from $1.25 to $1.33. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Invitation Homes.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Thursday, August 9th. The company reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. The business had revenue of $432.00 million for the quarter, compared to analyst estimates of $431.24 million. Invitation Homes had a negative net margin of 6.50% and a negative return on equity of 1.31%. The company’s revenue was up 78.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS.



Several brokerages have recently weighed in on INVH. Zacks Investment Research upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, April 24th. Zelman & Associates lowered shares of Invitation Homes from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. TheStreet lowered shares of Invitation Homes from a “c-” rating to a “d+” rating in a report on Wednesday, June 13th. Finally, Morgan Stanley cut their price objective on shares of Invitation Homes from $27.00 to $24.50 and set an “overweight” rating on the stock in a report on Thursday, June 14th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $25.65.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. raised its holdings in Invitation Homes by 1.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 283,044 shares of the company’s stock valued at $6,527,000 after buying an additional 2,930 shares during the period. CIBC Asset Management Inc grew its position in Invitation Homes by 16.2% in the first quarter. CIBC Asset Management Inc now owns 21,087 shares of the company’s stock valued at $481,000 after acquiring an additional 2,939 shares in the last quarter. Toronto Dominion Bank grew its position in Invitation Homes by 16.1% in the first quarter. Toronto Dominion Bank now owns 21,312 shares of the company’s stock valued at $487,000 after acquiring an additional 2,962 shares in the last quarter. DnB Asset Management AS grew its position in Invitation Homes by 14.2% in the second quarter. DnB Asset Management AS now owns 29,000 shares of the company’s stock valued at $669,000 after acquiring an additional 3,600 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Invitation Homes by 115.4% in the first quarter. PNC Financial Services Group Inc. now owns 6,980 shares of the company’s stock valued at $160,000 after acquiring an additional 3,740 shares in the last quarter.

Shares of Invitation Homes opened at $23.81 on Tuesday, MarketBeat reports. Invitation Homes has a 1-year low of $20.25 and a 1-year high of $24.30. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.14.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Thursday, August 16th will be issued a $0.11 dividend. The ex-dividend date is Wednesday, August 15th. This represents a $0.44 annualized dividend and a yield of 1.85%. Invitation Homes’s payout ratio is 169.23%.

Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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Earnings History and Estimates for Invitation Homes (NYSE:INVH)

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