Corporación Inmobiliaria Vesta (VTMX) Scheduled to Post Quarterly Earnings on Thursday

Corporación Inmobiliaria Vesta (NYSE:VTMX) will be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Corporación Inmobiliaria Vesta has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.92. The business had revenue of $55.94 million during the quarter. Corporación Inmobiliaria Vesta had a net margin of 159.04% and a return on equity of 16.91%. On average, analysts expect Corporación Inmobiliaria Vesta to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Corporación Inmobiliaria Vesta Stock Performance

Corporación Inmobiliaria Vesta stock opened at $36.46 on Wednesday. The company has a quick ratio of 4.34, a current ratio of 3.84 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $29.81 billion and a PE ratio of 8.17. The firm has a fifty day simple moving average of $37.15 and a two-hundred day simple moving average of $36.55. Corporación Inmobiliaria Vesta has a twelve month low of $28.96 and a twelve month high of $41.44.

Corporación Inmobiliaria Vesta Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 15th were given a $0.1832 dividend. This is a boost from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, April 12th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.01%. Corporación Inmobiliaria Vesta’s payout ratio is presently 3.36%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group boosted their price objective on shares of Corporación Inmobiliaria Vesta from $38.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, March 22nd.

Corporación Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., together with its subsidiaries, acquires, develops, manages, operates, and leases industrial buildings and distribution facilities in Mexico. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.