Vereit (VER) Releases FY18 Earnings Guidance

Vereit (NYSE:VER) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.71-0.72 for the period, compared to the Thomson Reuters consensus estimate of $0.71. Vereit also updated its FY 2018 guidance to $0.71-0.72 EPS.

A number of brokerages have commented on VER. Robert W. Baird began coverage on Vereit in a research report on Monday, October 22nd. They issued an outperform rating and a $9.00 price target for the company. ValuEngine upgraded Vereit from a sell rating to a hold rating in a research report on Friday, October 19th. JPMorgan Chase & Co. upped their price target on Vereit from $8.00 to $9.00 and gave the stock an overweight rating in a research report on Monday, September 17th. Finally, Mizuho set a $8.00 price target on Vereit and gave the stock a hold rating in a research report on Monday, August 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $8.85.

Shares of VER opened at $7.52 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 2.86 and a beta of 0.51. Vereit has a 52 week low of $6.52 and a 52 week high of $8.26.

Vereit (NYSE:VER) last issued its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $289.03 million during the quarter, compared to analysts’ expectations of $291.19 million. Vereit had a negative return on equity of 0.40% and a negative net margin of 4.44%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 earnings per share. As a group, research analysts anticipate that Vereit will post 0.69 earnings per share for the current fiscal year.

WARNING: “Vereit (VER) Releases FY18 Earnings Guidance” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2018/11/06/vereit-ver-releases-fy18-earnings-guidance.html.

Vereit Company Profile

VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has a total asset book value of $14.3 billion including approximately 4,000 properties and 94.6 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.

See Also: What are the Benefits of Index Funds?

Earnings History and Estimates for Vereit (NYSE:VER)

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


Leave a Reply