Four Corners Property Trust (FCPT) Scheduled to Post Quarterly Earnings on Wednesday

Four Corners Property Trust (NYSE:FCPT) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Four Corners Property Trust to post earnings of $0.40 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.13). Four Corners Property Trust had a net margin of 38.04% and a return on equity of 7.78%. The business had revenue of $65.14 million during the quarter, compared to the consensus estimate of $65.23 million. During the same period last year, the firm earned $0.41 EPS. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, analysts expect Four Corners Property Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Four Corners Property Trust Stock Down 0.2 %

FCPT opened at $23.44 on Monday. The firm’s 50-day simple moving average is $23.86 and its 200-day simple moving average is $23.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.12 and a current ratio of 0.12. Four Corners Property Trust has a twelve month low of $20.51 and a twelve month high of $27.60. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 21.70 and a beta of 1.00.

Four Corners Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 5.89%. The ex-dividend date was Wednesday, March 27th. Four Corners Property Trust’s payout ratio is 127.78%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FCPT shares. Raymond James lowered their target price on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating on the stock in a report on Monday, January 8th. Wells Fargo & Company upped their target price on shares of Four Corners Property Trust from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th.

Four Corners Property Trust Company Profile

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.