Equities research analysts forecast that Store Capital Corp (NYSE:STOR) will report earnings per share (EPS) of $0.47 for the current quarter, according to Zacks. Three analysts have provided estimates for Store Capital’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.48. Store Capital posted earnings of $0.45 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.4%. The business is scheduled to announce its next quarterly earnings results on Thursday, August 1st.
On average, analysts expect that Store Capital will report full year earnings of $1.90 per share for the current year, with EPS estimates ranging from $1.87 to $1.91. For the next year, analysts expect that the business will report earnings of $2.01 per share, with EPS estimates ranging from $1.98 to $2.02. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Store Capital.
Store Capital (NYSE:STOR) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.26). The firm had revenue of $156.60 million for the quarter, compared to analyst estimates of $152.22 million. Store Capital had a return on equity of 5.83% and a net margin of 37.19%. The firm’s revenue was up 24.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS.
Store Capital stock opened at $33.19 on Friday. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 3.49 and a beta of 0.26. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.29 and a current ratio of 0.29. Store Capital has a fifty-two week low of $26.83 and a fifty-two week high of $35.59. The stock’s fifty day moving average price is $34.40.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.33 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.32 annualized dividend and a dividend yield of 3.98%. Store Capital’s payout ratio is 71.74%.
Large investors have recently bought and sold shares of the company. Cedar Wealth Management LLC bought a new stake in Store Capital in the first quarter valued at about $34,000. Advisory Services Network LLC increased its stake in Store Capital by 100.0% in the first quarter. Advisory Services Network LLC now owns 1,000 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 500 shares during the period. Parallel Advisors LLC increased its stake in Store Capital by 2,702.7% in the first quarter. Parallel Advisors LLC now owns 1,037 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,000 shares during the period. Duncker Streett & Co. Inc. bought a new stake in Store Capital in the first quarter valued at about $50,000. Finally, Joseph P. Lucia & Associates LLC bought a new stake in Store Capital in the first quarter valued at about $50,000. Institutional investors own 90.25% of the company’s stock.
Store Capital Company Profile
STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in 2,255 property locations, substantially all of which are profit centers, in 49 states.
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