Brokerages expect that Store Capital Corp (NYSE:STOR) will announce sales of $143.19 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Store Capital’s earnings. The lowest sales estimate is $139.70 million and the highest is $144.96 million. Store Capital posted sales of $119.90 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.4%. The company is expected to announce its next quarterly earnings report on Thursday, May 2nd.
According to Zacks, analysts expect that Store Capital will report full-year sales of $608.14 million for the current financial year, with estimates ranging from $561.73 million to $641.20 million. For the next year, analysts expect that the firm will report sales of $680.39 million, with estimates ranging from $568.93 million to $735.02 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Store Capital.
Store Capital (NYSE:STOR) last released its quarterly earnings results on Thursday, February 21st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.18). The firm had revenue of $146.70 million during the quarter, compared to the consensus estimate of $143.83 million. Store Capital had a net margin of 40.12% and a return on equity of 6.25%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share.
Large investors have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in shares of Store Capital during the 4th quarter valued at $26,000. Pearl River Capital LLC bought a new stake in shares of Store Capital during the 4th quarter valued at $59,000. Bronfman E.L. Rothschild L.P. lifted its position in shares of Store Capital by 40.5% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,530 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 1,017 shares during the period. Enlightenment Research LLC bought a new stake in shares of Store Capital during the 4th quarter valued at $113,000. Finally, SevenBridge Financial Group LLC bought a new stake in shares of Store Capital during the 3rd quarter valued at $166,000. Hedge funds and other institutional investors own 96.47% of the company’s stock.
STOR traded down $0.20 during trading on Friday, hitting $32.35. The stock had a trading volume of 3,063,300 shares, compared to its average volume of 1,766,218. The company has a market capitalization of $6.89 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 3.48 and a beta of 0.31. Store Capital has a one year low of $24.04 and a one year high of $32.94. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.37 and a quick ratio of 0.37.
About Store Capital
STORE Capital Corp. operates as an internally managed net-lease real estate investment trust. The firm engages in the acquisition, investment, management, and ownership of single tenant operational real estate properties. STORE Capital was founded by Mary Fedewa, Morton H. Fleischer, Christopher H. Volk, Catherine Long, Michael J.
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