Clipper Realty (CLPR) Set to Announce Quarterly Earnings on Thursday

Posted by Faye Duncan on Oct 29th, 2024

Clipper Realty (NYSE:CLPR – Get Free Report) will be announcing its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Clipper Realty (NYSE:CLPR – Get Free Report) last released its earnings results on Thursday, August 1st. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.16). The firm had revenue of $37.35 million for the quarter, compared to analyst estimates of $35.80 million. Clipper Realty had a negative net margin of 2.54% and a negative return on equity of 85.95%. During the same period in the prior year, the company posted $0.13 EPS. On average, analysts expect Clipper Realty to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clipper Realty Stock Performance

NYSE:CLPR opened at $6.63 on Tuesday. The company has a market capitalization of $106.59 million, a PE ratio of -18.94 and a beta of 1.34. The company has a 50 day simple moving average of $5.47 and a two-hundred day simple moving average of $4.46. Clipper Realty has a fifty-two week low of $3.38 and a fifty-two week high of $7.12.

Clipper Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date of this dividend was Thursday, August 15th. Clipper Realty’s dividend payout ratio is presently -108.57%.

Clipper Realty Company Profile

(Get Free Report)

Clipper Realty Inc (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.