Four Corners Property Trust (NYSE:FCPT) Posts Earnings Results, Misses Expectations By $0.10 EPS

Four Corners Property Trust (NYSE:FCPT) released its quarterly earnings results on Tuesday. The financial services provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.10), Fidelity Earnings reports. The firm had revenue of $39.57 million for the quarter, compared to analyst estimates of $40.64 million. Four Corners Property Trust had a return on equity of 12.63% and a net margin of 56.35%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share.

Four Corners Property Trust stock traded up $0.01 during mid-day trading on Wednesday, reaching $26.94. 882,400 shares of the company were exchanged, compared to its average volume of 390,821. The firm’s fifty day simple moving average is $27.67. Four Corners Property Trust has a 12 month low of $24.58 and a 12 month high of $29.85. The company has a current ratio of 5.78, a quick ratio of 5.78 and a debt-to-equity ratio of 0.89. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 19.11 and a beta of 0.18.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.287 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.15 dividend on an annualized basis and a yield of 4.26%. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 81.56%.

Several analysts recently weighed in on FCPT shares. Zacks Investment Research raised Four Corners Property Trust from a “sell” rating to a “hold” rating and set a $30.00 price target for the company in a report on Thursday, July 25th. Boenning Scattergood reissued a “buy” rating and set a $30.00 price target on shares of Four Corners Property Trust in a report on Wednesday, April 24th. Janney Montgomery Scott started coverage on Four Corners Property Trust in a report on Friday, June 21st. They set a “buy” rating and a $32.00 price target for the company. Barclays started coverage on Four Corners Property Trust in a report on Wednesday, May 15th. They set an “equal weight” rating and a $29.00 price target for the company. Finally, ValuEngine cut Four Corners Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $30.50.

About Four Corners Property Trust

FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio primarily by acquiring additional real estate to lease, on a net basis, for use in the restaurant and food industry.

See Also: 12b-1 Fees

Earnings History for Four Corners Property Trust (NYSE:FCPT)

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