Vornado Realty Trust (VNO) Scheduled to Post Quarterly Earnings on Monday

Vornado Realty Trust (NYSE:VNO - Get Free Report) is set to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.37). Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The company had revenue of $450.27 million for the quarter, compared to analyst estimates of $439.28 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, analysts expect Vornado Realty Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Vornado Realty Trust Price Performance

Shares of VNO traded up $0.14 during mid-day trading on Monday, reaching $43.31. The company had a trading volume of 1,040,781 shares, compared to its average volume of 2,042,724. The company has a debt-to-equity ratio of 1.78, a current ratio of 5.21 and a quick ratio of 5.21. The company has a market capitalization of $8.25 billion, a P/E ratio of 481.22 and a beta of 1.65. Vornado Realty Trust has a twelve month low of $18.36 and a twelve month high of $44.05. The company's 50-day moving average is $37.74 and its 200-day moving average is $30.53.

Wall Street Analyst Weigh In

A number of research firms have commented on VNO. Evercore ISI boosted their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Scotiabank raised their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the company a "sector perform" rating in a report on Friday. Compass Point raised their price objective on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the company a "neutral" rating in a research note on Wednesday, August 7th. BMO Capital Markets upgraded Vornado Realty Trust from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $29.00 to $40.00 in a report on Thursday, August 8th. Finally, Bank of America increased their target price on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a "neutral" rating in a report on Thursday, August 22nd. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $32.80.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully - integrated equity real estate investment trust.