Four Corners Property Trust (FCPT) Scheduled to Post Quarterly Earnings on Monday

Four Corners Property Trust (NYSE:FCPT) is set to announce its earnings results after the market closes on Monday, October 29th. Analysts expect the company to announce earnings of $0.34 per share for the quarter.

Four Corners Property Trust (NYSE:FCPT) last announced its earnings results on Wednesday, July 25th. The financial services provider reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.09. Four Corners Property Trust had a net margin of 59.38% and a return on equity of 14.59%. The firm had revenue of $34.70 million for the quarter, compared to analysts’ expectations of $34.86 million. During the same quarter in the previous year, the business posted $0.34 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts expect Four Corners Property Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of FCPT stock opened at $26.13 on Friday. Four Corners Property Trust has a 12 month low of $21.28 and a 12 month high of $27.48. The firm has a market cap of $1.68 billion, a PE ratio of 19.21 and a beta of 0.05. The company has a current ratio of 6.59, a quick ratio of 6.59 and a debt-to-equity ratio of 0.90.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Thursday, September 27th. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 80.88%.

A number of analysts have recently commented on FCPT shares. LADENBURG THALM/SH SH cut shares of Four Corners Property Trust from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a report on Tuesday, July 31st. Zacks Investment Research upgraded shares of Four Corners Property Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 9th.

Four Corners Property Trust Company Profile

FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease for use in the restaurant and related food services industry.

Further Reading: Initial Public Offering (IPO)

Earnings History for Four Corners Property Trust (NYSE:FCPT)

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