$0.35 Earnings Per Share Expected for Jernigan Capital Inc (NYSE:JCAP) This Quarter

Wall Street brokerages predict that Jernigan Capital Inc (NYSE:JCAP) will post earnings per share of $0.35 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Jernigan Capital’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.37. Jernigan Capital reported earnings of $1.04 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 66.3%. The business is expected to announce its next quarterly earnings report on Wednesday, February 26th.

According to Zacks, analysts expect that Jernigan Capital will report full year earnings of $1.91 per share for the current fiscal year, with EPS estimates ranging from $1.84 to $1.98. For the next financial year, analysts expect that the business will report earnings of $1.27 per share, with EPS estimates ranging from $1.15 to $1.36. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Jernigan Capital.

A number of research firms have weighed in on JCAP. ValuEngine upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. B. Riley set a $26.00 target price on Jernigan Capital and gave the stock a “buy” rating in a research report on Wednesday, September 18th. TheStreet cut Jernigan Capital from a “b-” rating to a “c” rating in a research report on Monday, November 18th. Finally, Zacks Investment Research upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Jernigan Capital has an average rating of “Hold” and an average target price of $23.50.

Jernigan Capital stock traded up $0.15 during midday trading on Friday, reaching $17.70. The company’s stock had a trading volume of 269,687 shares, compared to its average volume of 193,633. Jernigan Capital has a fifty-two week low of $17.21 and a fifty-two week high of $22.20. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.30. The company has a market cap of $390.26 million, a P/E ratio of 8.51 and a beta of 0.42. The business has a 50-day simple moving average of $17.90 and a 200-day simple moving average of $19.45.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Jernigan Capital by 2.3% during the second quarter. Vanguard Group Inc. now owns 2,134,011 shares of the real estate investment trust’s stock worth $43,748,000 after purchasing an additional 48,843 shares in the last quarter. BlackRock Inc. increased its position in Jernigan Capital by 13.7% in the 2nd quarter. BlackRock Inc. now owns 2,012,738 shares of the real estate investment trust’s stock valued at $41,262,000 after acquiring an additional 242,657 shares during the period. Phocas Financial Corp. increased its position in Jernigan Capital by 0.7% in the 2nd quarter. Phocas Financial Corp. now owns 690,088 shares of the real estate investment trust’s stock valued at $14,147,000 after acquiring an additional 4,962 shares during the period. State Street Corp increased its position in Jernigan Capital by 5.7% in the 3rd quarter. State Street Corp now owns 511,069 shares of the real estate investment trust’s stock valued at $10,010,000 after acquiring an additional 27,433 shares during the period. Finally, Investment Counselors of Maryland LLC increased its position in Jernigan Capital by 1.1% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 419,539 shares of the real estate investment trust’s stock valued at $8,601,000 after acquiring an additional 4,490 shares during the period. Institutional investors and hedge funds own 67.80% of the company’s stock.

Jernigan Capital Company Profile

Jernigan Capital, Inc is a New York Stock Exchange-listed real estate investment trust (NYSE: JCAP) that provides debt and equity capital to private developers, owners, and operators of self-storage facilities. Our mission is to be the preeminent capital partner for self-storage entrepreneurs nationwide by offering creative solutions through an experienced team demonstrating the highest levels of integrity, dedication, excellence and community, while maximizing shareholder value.

Read More: Why does a company issue an IPO?

Get a free copy of the Zacks research report on Jernigan Capital (JCAP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Jernigan Capital (NYSE:JCAP)

Receive News & Ratings for Jernigan Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jernigan Capital and related companies with MarketBeat.com's FREE daily email newsletter.