American Campus Communities (NYSE:ACC) Updates FY 2019 Earnings Guidance

American Campus Communities (NYSE:ACC) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.35-2.45 for the period. American Campus Communities also updated its FY19 guidance to $2.35-2.45 EPS.

Shares of ACC opened at $48.08 on Tuesday. The company’s 50-day moving average is $47.35. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 20.81 and a beta of 0.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.61 and a quick ratio of 1.61. American Campus Communities has a 52 week low of $38.40 and a 52 week high of $49.33.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings data on Monday, April 22nd. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.04. The business had revenue of $242.10 million for the quarter, compared to analyst estimates of $226.72 million. American Campus Communities had a net margin of 13.39% and a return on equity of 3.21%. American Campus Communities’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. Equities research analysts predict that American Campus Communities will post 2.42 earnings per share for the current year.

Several research firms have weighed in on ACC. JMP Securities reiterated an outperform rating and issued a $225.00 target price (up from $220.00) on shares of Workday in a report on Wednesday, May 29th. ValuEngine upgraded shares of Vistra Energy from a hold rating to a buy rating in a report on Wednesday, July 3rd. Capital One Financial upgraded shares of American Campus Communities from an equal weight rating to an overweight rating in a report on Monday, July 8th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 target price on the stock in a report on Monday, July 8th. Finally, Robert W. Baird cut their target price on shares of Bed Bath & Beyond from $18.00 to $13.00 and set a neutral rating on the stock in a report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. American Campus Communities has an average rating of Buy and an average price target of $48.83.

About American Campus Communities

American Campus Communities, Inc is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.

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Earnings History and Estimates for American Campus Communities (NYSE:ACC)

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