Four Corners Property Trust Inc (FCPT) Expected to Announce Earnings of $0.36 Per Share

Wall Street brokerages expect that Four Corners Property Trust Inc (NYSE:FCPT) will report earnings per share of $0.36 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Four Corners Property Trust’s earnings. Four Corners Property Trust reported earnings per share of $0.34 in the same quarter last year, which would suggest a positive year over year growth rate of 5.9%. The company is expected to report its next earnings report on Tuesday, February 19th.

On average, analysts expect that Four Corners Property Trust will report full-year earnings of $1.41 per share for the current financial year, with EPS estimates ranging from $1.40 to $1.42. For the next year, analysts anticipate that the company will post earnings of $1.49 per share, with EPS estimates ranging from $1.47 to $1.51. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Four Corners Property Trust.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings results on Monday, October 29th. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.08). The firm had revenue of $36.12 million for the quarter, compared to analysts’ expectations of $36.38 million. Four Corners Property Trust had a return on equity of 13.21% and a net margin of 57.05%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share.

FCPT has been the topic of a number of research analyst reports. TheStreet upgraded Four Corners Property Trust from a “c” rating to a “b” rating in a research report on Monday, October 29th. Zacks Investment Research upgraded Four Corners Property Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. Finally, LADENBURG THALM/SH SH cut Four Corners Property Trust from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research report on Tuesday, July 31st.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Four Corners Property Trust by 12.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,918 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 1,991 shares in the last quarter. FMR LLC boosted its holdings in Four Corners Property Trust by 8.4% in the 3rd quarter. FMR LLC now owns 4,660,416 shares of the financial services provider’s stock valued at $119,725,000 after purchasing an additional 362,026 shares in the last quarter. Teachers Insurance & Annuity Association of America boosted its holdings in Four Corners Property Trust by 4.4% in the 3rd quarter. Teachers Insurance & Annuity Association of America now owns 87,257 shares of the financial services provider’s stock valued at $2,242,000 after purchasing an additional 3,694 shares in the last quarter. American International Group Inc. boosted its holdings in Four Corners Property Trust by 11.7% in the 3rd quarter. American International Group Inc. now owns 53,099 shares of the financial services provider’s stock valued at $1,364,000 after purchasing an additional 5,565 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Four Corners Property Trust by 14.7% in the 3rd quarter. BlackRock Inc. now owns 12,771,110 shares of the financial services provider’s stock valued at $328,090,000 after purchasing an additional 1,633,679 shares in the last quarter. 88.92% of the stock is currently owned by institutional investors.

Four Corners Property Trust stock traded down $0.14 during midday trading on Friday, reaching $27.02. The company’s stock had a trading volume of 194,146 shares, compared to its average volume of 351,099. Four Corners Property Trust has a fifty-two week low of $21.28 and a fifty-two week high of $27.48. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.95 and a quick ratio of 2.95. The stock has a market cap of $1.84 billion, a PE ratio of 19.87 and a beta of 0.06.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date was Thursday, September 27th. Four Corners Property Trust’s dividend payout ratio is presently 80.88%.

About Four Corners Property Trust

FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease for use in the restaurant and related food services industry.

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