Four Corners Property Trust (FCPT) to Release Earnings on Wednesday

Four Corners Property Trust (NYSE:FCPT - Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.14). Four Corners Property Trust had a net margin of 37.01% and a return on equity of 7.72%. The business had revenue of $66.48 million for the quarter, compared to analysts' expectations of $63.70 million. During the same quarter in the previous year, the company earned $0.42 earnings per share. The business's quarterly revenue was up 9.5% on a year-over-year basis. 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 Trading Up 0.5 %

NYSE FCPT traded up $0.15 during trading on Wednesday, hitting $29.31. 377,236 shares of the company's stock traded hands, compared to its average volume of 501,493. The stock has a fifty day moving average of $28.88 and a two-hundred day moving average of $26.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.13 and a quick ratio of 0.13. Four Corners Property Trust has a 12-month low of $20.51 and a 12-month high of $30.93. The firm has a market cap of $2.70 billion, a P/E ratio of 27.39 and a beta of 1.10.

Four Corners Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.345 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.38 annualized dividend and a yield of 4.71%. Four Corners Property Trust's payout ratio is 128.97%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Evercore ISI upped their price target on shares of Four Corners Property Trust from $26.00 to $28.00 and gave the company an "in-line" rating in a research report on Wednesday, August 28th. JMP Securities reaffirmed a "market perform" rating on shares of Four Corners Property Trust in a research note on Wednesday, August 28th. Raymond James upped their price objective on shares of Four Corners Property Trust from $27.00 to $29.00 and gave the company an "outperform" rating in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $32.00 price objective (up from $28.00) on shares of Four Corners Property Trust in a research note on Tuesday, October 1st.

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.