Consolidated-Tomoka Land (NYSEAMERICAN:CTO) Releases FY 2019 Earnings Guidance

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) updated its FY 2019 earnings guidance on Wednesday. The company provided EPS guidance of $9.00-10.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.55.

A number of equities research analysts have issued reports on CTO shares. Zacks Investment Research raised shares of Consolidated-Tomoka Land from a hold rating to a buy rating and set a $72.00 target price on the stock in a report on Thursday, October 3rd. B. Riley set a $82.00 price target on shares of Consolidated-Tomoka Land and gave the company a buy rating in a report on Monday, July 15th.

Shares of CTO opened at $64.08 on Thursday. Consolidated-Tomoka Land has a one year low of $49.23 and a one year high of $68.64.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last posted its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.13. The business had revenue of $17.94 million during the quarter, compared to analyst estimates of $17.62 million.

About Consolidated-Tomoka Land

Consolidated-Tomoka Land Co, together with its subsidiaries, operates as a diversified real estate operating company in the United States. The company operates through four segments: Income Properties, Commercial Loan Investments, Real Estate Operations, and Golf Operations. It owns and manages commercial real estate properties.

See Also: Cash Flow

Earnings History and Estimates for Consolidated-Tomoka Land (NYSEAMERICAN:CTO)

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