SITE Centers (NYSE:SITC - Get Free Report) will post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect SITE Centers to post earnings of $0.87 per share for the quarter.
SITE Centers (NYSE:SITC - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported $17.76 EPS for the quarter, topping the consensus estimate of $3.84 by $13.92. The firm had revenue of $113.48 million for the quarter, compared to analyst estimates of $113.23 million. SITE Centers had a return on equity of 23.05% and a net margin of 91.77%. SITE Centers's revenue for the quarter was down 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $4.64 EPS. On average, analysts expect SITE Centers to post $3 EPS for the current fiscal year and $1 EPS for the next fiscal year.
SITE Centers Stock Down 0.1 %
SITE Centers stock traded down $0.01 during midday trading on Wednesday, hitting $16.90. 903,516 shares of the company were exchanged, compared to its average volume of 622,978. The company has a debt-to-equity ratio of 0.70, a current ratio of 7.36 and a quick ratio of 7.36. SITE Centers has a fifty-two week low of $16.27 and a fifty-two week high of $64.44. The company's fifty day moving average price is $57.11 and its 200-day moving average price is $170.08. The company has a market cap of $3.54 billion, a PE ratio of 16.59 and a beta of 1.64.
Wall Street Analyst Weigh In
SITC has been the topic of several analyst reports. Compass Point dropped their price objective on SITE Centers from $64.00 to $17.00 and set a "neutral" rating on the stock in a report on Tuesday, October 15th. StockNews.com initiated coverage on SITE Centers in a report on Monday, October 7th. They set a "buy" rating on the stock. Wells Fargo & Company downgraded SITE Centers from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $68.00 to $19.00 in a report on Wednesday, October 2nd. Stifel Nicolaus lifted their price objective on SITE Centers from $65.00 to $65.25 and gave the stock a "buy" rating in a report on Thursday, September 19th. Finally, Truist Financial lifted their price objective on SITE Centers from $56.00 to $58.00 and gave the stock a "hold" rating in a report on Wednesday, August 28th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $97.18.
View Our Latest Stock Report on SITC
SITE Centers Company Profile
(
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SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.
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