Analysts Anticipate Vornado Realty Trust (NYSE:VNO) to Announce $0.95 Earnings Per Share

Brokerages forecast that Vornado Realty Trust (NYSE:VNO) will post $0.95 earnings per share for the current quarter, Zacks reports. Ten analysts have issued estimates for Vornado Realty Trust’s earnings, with estimates ranging from $0.86 to $1.01. Vornado Realty Trust reported earnings per share of $1.10 during the same quarter last year, which indicates a negative year-over-year growth rate of 13.6%. The company is scheduled to report its next quarterly earnings results on Monday, July 29th.

On average, analysts expect that Vornado Realty Trust will report full year earnings of $3.80 per share for the current year, with EPS estimates ranging from $3.62 to $4.06. For the next fiscal year, analysts forecast that the company will post earnings of $3.83 per share, with EPS estimates ranging from $3.49 to $4.06. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Vornado Realty Trust.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, April 29th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.78). The company had revenue of $534.67 million during the quarter, compared to analysts’ expectations of $583.32 million. Vornado Realty Trust had a net margin of 28.76% and a return on equity of 10.19%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the business earned $0.30 earnings per share.

VNO has been the topic of a number of recent analyst reports. Morgan Stanley set a $72.00 target price on shares of Vornado Realty Trust and gave the company a “buy” rating in a research report on Monday, April 22nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $82.00 target price on shares of Vornado Realty Trust in a research report on Wednesday, June 5th. SunTrust Banks dropped their target price on shares of Vornado Realty Trust to $74.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Finally, Deutsche Bank decreased their price target on shares of Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Vornado Realty Trust currently has a consensus rating of “Hold” and an average target price of $76.11.

NYSE VNO opened at $64.10 on Wednesday. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.93 and a quick ratio of 3.93. The firm has a fifty day moving average of $66.69. The stock has a market cap of $12.04 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 3.43 and a beta of 1.05. Vornado Realty Trust has a 12 month low of $59.48 and a 12 month high of $77.59.

A number of large investors have recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. boosted its stake in Vornado Realty Trust by 22.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 179,376 shares of the real estate investment trust’s stock worth $12,097,000 after purchasing an additional 32,822 shares during the period. Cleararc Capital Inc. acquired a new stake in Vornado Realty Trust during the 1st quarter worth $284,000. Nordea Investment Management AB boosted its stake in Vornado Realty Trust by 420.5% during the 1st quarter. Nordea Investment Management AB now owns 40,741 shares of the real estate investment trust’s stock worth $2,747,000 after purchasing an additional 32,913 shares during the period. Marshall Wace North America L.P. boosted its stake in Vornado Realty Trust by 28.5% during the 1st quarter. Marshall Wace North America L.P. now owns 11,070 shares of the real estate investment trust’s stock worth $746,000 after purchasing an additional 2,453 shares during the period. Finally, Marshall Wace LLP boosted its stake in Vornado Realty Trust by 859.3% during the 1st quarter. Marshall Wace LLP now owns 13,095 shares of the real estate investment trust’s stock worth $883,000 after purchasing an additional 11,730 shares during the period. Hedge funds and other institutional investors own 77.29% of the company’s stock.

Vornado Realty Trust Company Profile

Vornado's portfolio is concentrated in the nation's key market — New York City — along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.

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Earnings History and Estimates for Vornado Realty Trust (NYSE:VNO)

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