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.
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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