LXP Industrial Trust (NYSE:LXP – Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.16 per share for the quarter. LXP Industrial Trust has set its FY24 guidance at $0.61-0.65 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.
LXP Industrial Trust (NYSE:LXP – Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). The company had revenue of $83.00 million for the quarter, compared to analysts’ expectations of $83.74 million. LXP Industrial Trust had a return on equity of 1.37% and a net margin of 8.92%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS. On average, analysts expect LXP Industrial Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
LXP Industrial Trust Stock Performance
LXP Industrial Trust stock opened at $8.51 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a fifty day moving average of $8.83 and a two-hundred day moving average of $8.92. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 106.39 and a beta of 0.80. LXP Industrial Trust has a fifty-two week low of $7.75 and a fifty-two week high of $10.75.
LXP Industrial Trust Announces Dividend
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded LXP Industrial Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th.
Check Out Our Latest Stock Report on LXP Industrial Trust
About LXP Industrial Trust
LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.
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