Tanger (NYSE:SKT) Releases FY 2025 Earnings Guidance

Tanger (NYSE:SKT - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.220-2.300 for the period, compared to the consensus EPS estimate of 2.230. The company issued revenue guidance of -.

Tanger Trading Down 0.2 %

Shares of NYSE:SKT traded down $0.06 during midday trading on Friday, hitting $35.88. The company had a trading volume of 899,064 shares, compared to its average volume of 706,155. Tanger has a 12 month low of $25.94 and a 12 month high of $37.57. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 2.40. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 41.24, a PEG ratio of 2.87 and a beta of 1.91. The firm has a fifty day simple moving average of $33.77 and a 200 day simple moving average of $33.23.

Tanger (NYSE:SKT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. The business had revenue of $132.17 million for the quarter, compared to the consensus estimate of $129.10 million. Tanger had a return on equity of 16.82% and a net margin of 18.65%. On average, analysts predict that Tanger will post 2.23 EPS for the current year.

Tanger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.07%. The ex-dividend date was Friday, January 31st. Tanger's payout ratio is presently 126.44%.

Analyst Ratings Changes

SKT has been the topic of several research analyst reports. Bank of America raised Tanger from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $35.00 to $40.00 in a research note on Monday, November 11th. BMO Capital Markets started coverage on Tanger in a research note on Tuesday, January 28th. They issued a "market perform" rating and a $36.00 price target on the stock. Compass Point lifted their price target on Tanger from $34.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Evercore ISI lifted their price target on Tanger from $31.00 to $33.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price target on Tanger from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $36.00.

About Tanger

Tanger Inc NYSE: SKT is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S.