Farmland Partners (FPI) Set to Announce Earnings on Wednesday

Farmland Partners (NYSE:FPI - Get Free Report) is set to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.01 per share for the quarter.

Farmland Partners (NYSE:FPI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). The firm had revenue of $11.45 million for the quarter, compared to analysts' expectations of $11.84 million. Farmland Partners had a return on equity of 3.97% and a net margin of 36.89%. During the same period last year, the firm earned ($0.02) EPS. On average, analysts expect Farmland Partners to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Farmland Partners Price Performance

FPI traded down $0.19 during trading on Friday, reaching $11.00. 162,704 shares of the stock were exchanged, compared to its average volume of 322,856. Farmland Partners has a 1 year low of $9.70 and a 1 year high of $13.12. The business's 50 day moving average price is $10.46 and its two-hundred day moving average price is $10.80. The company has a market capitalization of $529.84 million, a price-to-earnings ratio of 21.93 and a beta of 0.70.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Farmland Partners from a "hold" rating to a "sell" rating in a research note on Thursday, July 25th.

Insider Activity at Farmland Partners

In other Farmland Partners news, Director John A. Good acquired 24,000 shares of the firm's stock in a transaction on Wednesday, August 7th. The stock was bought at an average cost of $10.15 per share, for a total transaction of $243,600.00. Following the completion of the purchase, the director now directly owns 86,465 shares in the company, valued at $877,619.75. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.30% of the stock is currently owned by insiders.

About Farmland Partners

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.