LXP Industrial Trust (NYSE:LXP – Get Free Report) is scheduled to issue 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.Parties interested in participating in the company’s conference call can do so using this link.
LXP Industrial Trust (NYSE:LXP – Get Free Report) last released its earnings results on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The company had revenue of $83.00 million for the quarter, compared to analyst estimates of $83.74 million. LXP Industrial Trust had a net margin of 8.92% and a return on equity of 1.37%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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
Shares of LXP opened at $8.54 on Thursday. LXP Industrial Trust has a one year low of $7.75 and a one year high of $10.75. The company has a market cap of $2.51 billion, a PE ratio of 106.70 and a beta of 0.80. The stock has a 50-day moving average of $8.84 and a 200-day moving average of $8.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29.
LXP Industrial Trust Dividend Announcement
Analysts Set New Price Targets
Separately, StockNews.com raised shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a research note on Thursday.
Get Our Latest Research 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.
See Also
- Five stocks we like better than LXP Industrial Trust
- What is the Hang Seng index?
- High-Yield Texas Instruments Could Hit New Highs Soon
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Pagaya Technologies: An AI Fintech That Insiders Are Buying
- What Investors Need to Know About Upcoming IPOs
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
Receive News & Ratings for LXP Industrial Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LXP Industrial Trust and related companies with MarketBeat.com's FREE daily email newsletter.