Equities research analysts expect that Store Capital Corp (NYSE:STOR) will announce sales of $153.39 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Store Capital’s earnings, with the lowest sales estimate coming in at $149.94 million and the highest estimate coming in at $155.24 million. Store Capital posted sales of $124.41 million in the same quarter last year, which suggests a positive year-over-year growth rate of 23.3%. The firm is scheduled to report its next earnings results on Thursday, August 1st.
According to Zacks, analysts expect that Store Capital will report full-year sales of $625.94 million for the current financial year, with estimates ranging from $600.66 million to $641.20 million. For the next fiscal year, analysts expect that the firm will post sales of $696.27 million, with estimates ranging from $607.90 million to $735.02 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Store Capital.
Store Capital (NYSE:STOR) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.26). Store Capital had a net margin of 37.19% and a return on equity of 5.83%. The firm had revenue of $156.60 million for the quarter, compared to analysts’ expectations of $152.22 million. During the same period last year, the firm posted $0.44 EPS. Store Capital’s revenue was up 24.5% on a year-over-year basis.
STOR has been the subject of a number of research reports. Raymond James set a $34.00 price target on Store Capital and gave the company a “buy” rating in a research report on Thursday, February 28th. Berenberg Bank initiated coverage on Store Capital in a research report on Tuesday, April 23rd. They set a “buy” rating and a $36.00 price target for the company. Zacks Investment Research downgraded Store Capital from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Finally, BTIG Research boosted their price target on Store Capital to $37.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $33.50.
STOR stock traded up $0.34 during trading on Friday, reaching $34.72. 79,130 shares of the stock traded hands, compared to its average volume of 1,608,830. Store Capital has a 52-week low of $26.56 and a 52-week high of $35.08. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.52. The company has a market cap of $7.85 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26.
Several hedge funds and other institutional investors have recently modified their holdings of STOR. Altshuler Shaham Ltd acquired a new stake in Store Capital during the fourth quarter valued at approximately $26,000. Cedar Wealth Management LLC acquired a new stake in shares of Store Capital during the 1st quarter worth approximately $34,000. Advisory Services Network LLC raised its position in shares of Store Capital by 100.0% during the 1st quarter. Advisory Services Network LLC now owns 1,000 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 500 shares during the period. Parallel Advisors LLC raised its position in shares of Store Capital by 2,702.7% during the 1st quarter. Parallel Advisors LLC now owns 1,037 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,000 shares during the period. Finally, Duncker Streett & Co. Inc. acquired a new stake in shares of Store Capital during the 1st quarter worth approximately $50,000. 90.46% of the stock is owned by institutional investors.
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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