Paramount Group (NYSE:PGRE) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.93-0.97 for the period, compared to the Thomson Reuters consensus estimate of $0.92.
Shares of PGRE stock traded down $0.09 during mid-day trading on Wednesday, reaching $13.83. 1,397,500 shares of the company’s stock traded hands, compared to its average volume of 1,131,723. Paramount Group has a 12 month low of $12.18 and a 12 month high of $16.05. The firm’s 50 day moving average price is $14.18. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 0.74. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 3.53 and a beta of 0.76.
Paramount Group (NYSE:PGRE) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.21). The firm had revenue of $191.79 million during the quarter, compared to the consensus estimate of $187.26 million. Paramount Group had a return on equity of 0.24% and a net margin of 1.53%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 EPS. On average, research analysts anticipate that Paramount Group will post 0.92 earnings per share for the current year.
Separately, Zacks Investment Research raised shares of Paramount Group from a hold rating to a buy rating and set a $15.00 target price for the company in a report on Friday, June 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $16.82.
About Paramount Group
Headquartered in New York City, Paramount Group, Inc is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City, Washington, DC and San Francisco.
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