Analysts expect that Front Yard Residential Corp (NYSE:RESI) will post earnings per share of $0.07 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Front Yard Residential’s earnings. The firm is scheduled to issue its next earnings results on Tuesday, November 6th.
According to Zacks, analysts expect that Front Yard Residential will report full year earnings of $0.29 per share for the current year, with EPS estimates ranging from $0.28 to $0.30. For the next fiscal year, analysts forecast that the firm will report earnings of $0.56 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Front Yard Residential.
Front Yard Residential (NYSE:RESI) last posted its quarterly earnings results on Thursday, August 9th. The real estate investment trust reported ($0.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.01. Front Yard Residential had a negative return on equity of 20.47% and a negative net margin of 97.71%. The business had revenue of $40.91 million for the quarter, compared to analyst estimates of $42.41 million.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. grew its position in Front Yard Residential by 351.9% during the 1st quarter. Meeder Asset Management Inc. now owns 10,456 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 8,142 shares during the last quarter. SG Americas Securities LLC bought a new position in Front Yard Residential during the 2nd quarter worth approximately $149,000. Dynamic Technology Lab Private Ltd purchased a new stake in Front Yard Residential in the 1st quarter worth approximately $157,000. Fox Run Management L.L.C. purchased a new stake in Front Yard Residential in the 2nd quarter worth approximately $206,000. Finally, Barclays PLC lifted its holdings in Front Yard Residential by 176.0% in the 1st quarter. Barclays PLC now owns 21,730 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 13,858 shares during the period. Institutional investors and hedge funds own 77.51% of the company’s stock.
RESI traded up $0.37 on Friday, hitting $12.81. 420,900 shares of the company were exchanged, compared to its average volume of 369,570. Front Yard Residential has a 12 month low of $9.28 and a 12 month high of $12.87.
Front Yard Residential Company Profile
Front Yard is an industry leader in providing quality, affordable rental homes to America's families. Our homes offer exceptional value in a variety of suburban communities which have easy accessibility to metropolitan areas. Front Yard's tenants enjoy the space and comfort that is unique to single-family housing, at reasonable prices.
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