Wall Street analysts forecast that Saul Centers Inc (NYSE:BFS) will report earnings per share of $0.81 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Saul Centers’ earnings, with the highest EPS estimate coming in at $0.85 and the lowest estimate coming in at $0.79. Saul Centers reported earnings per share of $0.79 in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.5%. The business is scheduled to report its next earnings report on Friday, August 2nd.
On average, analysts expect that Saul Centers will report full-year earnings of $3.30 per share for the current fiscal year, with EPS estimates ranging from $3.26 to $3.38. For the next fiscal year, analysts expect that the company will report earnings of $3.34 per share, with EPS estimates ranging from $3.22 to $3.43. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Saul Centers.
Saul Centers (NYSE:BFS) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.35). Saul Centers had a net margin of 22.23% and a return on equity of 21.45%. The company had revenue of $59.75 million for the quarter, compared to the consensus estimate of $58.21 million.
NYSE BFS traded down $1.10 during trading on Wednesday, hitting $52.71. 4,474 shares of the company traded hands, compared to its average volume of 46,209. Saul Centers has a 12 month low of $45.49 and a 12 month high of $60.65. The business’s fifty day simple moving average is $55.11. The company has a debt-to-equity ratio of 4.09, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market cap of $1.23 billion, a P/E ratio of 17.03, a P/E/G ratio of 3.26 and a beta of 0.92.
In other news, insider Scott V. Schneider sold 5,000 shares of Saul Centers stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $57.10, for a total value of $285,500.00. Following the transaction, the insider now directly owns 4,000 shares in the company, valued at $228,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO B Francis Saul II acquired 750 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was acquired at an average price of $53.77 per share, for a total transaction of $40,327.50. Following the completion of the purchase, the chief executive officer now directly owns 38,328 shares of the company’s stock, valued at approximately $2,060,896.56. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 22,500 shares of company stock worth $1,248,800. Corporate insiders own 48.50% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Advisory Alpha LLC bought a new position in shares of Saul Centers in the first quarter worth about $27,000. Quantamental Technologies LLC increased its stake in shares of Saul Centers by 600.0% in the first quarter. Quantamental Technologies LLC now owns 700 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 600 shares during the period. Marshall Wace North America L.P. bought a new position in shares of Saul Centers in the first quarter worth about $47,000. Bessemer Group Inc. bought a new position in shares of Saul Centers in the fourth quarter worth about $71,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Saul Centers by 94.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,703 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 1,313 shares during the period. Institutional investors and hedge funds own 45.78% of the company’s stock.
About Saul Centers
Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 56 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.
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