Kimco Realty (KIM) Expected to Announce Quarterly Earnings on Friday

Kimco Realty (NYSE:KIM - Get Free Report) is projected to release its earnings data before the market opens on Friday, February 7th. Analysts expect Kimco Realty to post earnings of $0.42 per share and revenue of $510.69 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The business had revenue of $507.63 million for the quarter, compared to analysts' expectations of $502.78 million. During the same period last year, the business earned $0.40 earnings per share. The company's revenue for the quarter was up 13.8% on a year-over-year basis. On average, analysts expect Kimco Realty to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kimco Realty Price Performance

Shares of KIM traded down $0.07 during mid-day trading on Friday, reaching $22.62. 528,814 shares of the company's stock were exchanged, compared to its average volume of 4,040,104. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The company has a 50-day simple moving average of $23.66 and a two-hundred day simple moving average of $23.30. Kimco Realty has a 52-week low of $17.57 and a 52-week high of $25.83. The company has a market cap of $15.24 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 2.90 and a beta of 1.51.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KIM. Evercore ISI dropped their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. UBS Group raised their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered shares of Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 target price on the stock. in a research report on Friday, December 20th. Jefferies Financial Group lowered shares of Kimco Realty from a "buy" rating to a "hold" rating and decreased their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Finally, Robert W. Baird raised their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.97.

About Kimco Realty

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America's largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.