Analysts Expect Four Corners Property Trust, Inc. (FCPT) to Announce $0.35 Earnings Per Share

Equities research analysts expect Four Corners Property Trust, Inc. (NYSE:FCPT) to post earnings of $0.35 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Four Corners Property Trust’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.35. Four Corners Property Trust posted earnings of $0.31 per share in the same quarter last year, which suggests a positive year over year growth rate of 12.9%. The firm is expected to announce its next earnings results after the market closes on Tuesday, February 20th.

According to Zacks, analysts expect that Four Corners Property Trust will report full-year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.37. For the next financial year, analysts anticipate that the company will report earnings of $1.45 per share, with EPS estimates ranging from $1.43 to $1.47. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Four Corners Property Trust.

A number of equities analysts recently issued reports on FCPT shares. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Four Corners Property Trust in a report on Friday, November 3rd. BidaskClub upgraded Four Corners Property Trust from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Finally, Zacks Investment Research downgraded Four Corners Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $27.25.

Several hedge funds have recently modified their holdings of FCPT. BlackRock Inc. grew its stake in Four Corners Property Trust by 3.2% in the fourth quarter. BlackRock Inc. now owns 9,536,390 shares of the financial services provider’s stock valued at $245,083,000 after purchasing an additional 292,699 shares in the last quarter. Vanguard Group Inc. grew its stake in Four Corners Property Trust by 3.2% in the second quarter. Vanguard Group Inc. now owns 7,691,152 shares of the financial services provider’s stock valued at $193,125,000 after purchasing an additional 236,781 shares in the last quarter. Cohen & Steers Inc. grew its stake in Four Corners Property Trust by 14.1% in the third quarter. Cohen & Steers Inc. now owns 4,104,733 shares of the financial services provider’s stock valued at $102,290,000 after purchasing an additional 506,185 shares in the last quarter. Prudential Financial Inc. grew its stake in Four Corners Property Trust by 8.4% in the third quarter. Prudential Financial Inc. now owns 1,935,717 shares of the financial services provider’s stock valued at $48,239,000 after purchasing an additional 150,436 shares in the last quarter. Finally, State Street Corp grew its stake in Four Corners Property Trust by 6.7% in the second quarter. State Street Corp now owns 1,745,481 shares of the financial services provider’s stock valued at $43,831,000 after purchasing an additional 109,180 shares in the last quarter. Institutional investors and hedge funds own 85.84% of the company’s stock.

Four Corners Property Trust (FCPT) opened at $22.17 on Monday. The stock has a market capitalization of $1,383.03, a price-to-earnings ratio of 15.72 and a beta of -0.24. Four Corners Property Trust has a 1-year low of $20.82 and a 1-year high of $26.96.

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Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc is a self-administered company and real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and food service related industries. The Company operates through two segments: real estate operations and restaurant operations.

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