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

Corporación Inmobiliaria Vesta (NYSE:VTMX) is scheduled to post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Corporación Inmobiliaria Vesta to post earnings of $0.50 per share for the quarter. Corporación Inmobiliaria Vesta has set its FY 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.92. Corporación Inmobiliaria Vesta had a return on equity of 16.91% and a net margin of 159.04%. The company had revenue of $55.94 million during the quarter. 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

NYSE:VTMX opened at $36.25 on Tuesday. The company has a market cap of $29.63 billion and a price-to-earnings ratio of 8.13. Corporación Inmobiliaria Vesta has a 1 year low of $28.96 and a 1 year high of $41.44. The stock’s 50 day simple moving average is $37.15 and its two-hundred day simple moving average is $36.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.84 and a quick ratio of 4.34.

Corporación Inmobiliaria Vesta Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 15th were given a $0.1832 dividend. This represents a $0.73 annualized dividend and a yield of 2.02%. The ex-dividend date was Friday, April 12th. This is a boost from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.14. Corporación Inmobiliaria Vesta’s payout ratio is currently 3.36%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group increased 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.

About Corporación Inmobiliaria Vesta

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.