Zacks: Brokerages Expect Saul Centers Inc (NYSE:BFS) to Announce $0.76 Earnings Per Share

Equities research analysts expect Saul Centers Inc (NYSE:BFS) to report earnings of $0.76 per share for the current quarter, according to Zacks. Three analysts have made estimates for Saul Centers’ earnings. The lowest EPS estimate is $0.70 and the highest is $0.82. Saul Centers reported earnings per share of $0.80 in the same quarter last year, which would indicate a negative year over year growth rate of 5%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 25th.

On average, analysts expect that Saul Centers will report full-year earnings of $3.22 per share for the current fiscal year, with EPS estimates ranging from $3.14 to $3.27. For the next financial year, analysts expect that the firm will post earnings of $3.24 per share, with EPS estimates ranging from $3.17 to $3.31. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Saul Centers.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Saul Centers from a “hold” rating to a “sell” rating in a research note on Monday. ValuEngine upgraded Saul Centers from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, B. Riley started coverage on Saul Centers in a research note on Tuesday, November 26th. They set a “hold” rating and a $58.00 price objective for the company.

NYSE BFS traded down $0.01 during trading on Tuesday, reaching $51.70. The company’s stock had a trading volume of 44,305 shares, compared to its average volume of 48,243. The business’s fifty day moving average price is $53.45 and its 200-day moving average price is $53.80. Saul Centers has a twelve month low of $45.49 and a twelve month high of $58.49. The company has a debt-to-equity ratio of 3.97, a quick ratio of 2.70 and a current ratio of 2.70. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 16.62 and a beta of 0.87.

In related news, VP Charles W. Sherren, Jr. sold 3,993 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $53.00, for a total transaction of $211,629.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 48.50% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in Saul Centers by 57.4% during the third quarter. Tower Research Capital LLC TRC now owns 784 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 286 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Saul Centers in the first quarter valued at approximately $47,000. Russell Investments Group Ltd. purchased a new stake in shares of Saul Centers in the second quarter valued at approximately $102,000. SG Americas Securities LLC acquired a new position in Saul Centers during the third quarter worth $116,000. Finally, Sargent Investment Group LLC acquired a new position in Saul Centers during the second quarter worth $215,000. Institutional investors and hedge funds own 46.28% of the company’s stock.

Saul Centers Company Profile

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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Earnings History and Estimates for Saul Centers (NYSE:BFS)

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