The Washington Prime Group Inc. (WPG) Releases Q4 Earnings Guidance

The Washington Prime Group Inc. (WPG) Releases Q4 Earnings Guidance

Washington Prime Group Inc. (NYSE:WPG) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.44 to $0.48 for the period, compared to the Thomson Reuters consensus estimate of $0.53.

A number of equities analysts have recently weighed in on the company. Boenning Scattergood reiterated a hold rating on shares of Washington Prime Group in a report on Friday, July 28th. TheStreet upgraded Washington Prime Group from a d+ rating to a c rating in a report on Wednesday, July 26th. Zacks Investment Research downgraded Washington Prime Group from a hold rating to a sell rating in a report on Wednesday, August 2nd. BidaskClub upgraded Washington Prime Group from a hold rating to a buy rating in a report on Monday, July 31st. Finally, ValuEngine downgraded Washington Prime Group from a buy rating to a hold rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold.

Washington Prime Group Inc. (NYSE:WPG) traded down 2.14% during trading on Wednesday, reaching $8.24. The company had a trading volume of 3,169,465 shares. The company has a 50 day moving average price of $8.41 and a 200 day moving average price of $8.48. The company has a market capitalization of $1.53 billion, a PE ratio of 8.96 and a beta of 0.95. Washington Prime Group Inc. has a 52-week low of $7.31 and a 52-week high of $11.07.

Washington Prime Group (NYSE:WPG) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.14. Washington Prime Group had a return on equity of 17.36% and a net margin of 22.65%. The business had revenue of $179.32 million for the quarter, compared to analyst estimates of $188.54 million. During the same quarter last year, the firm earned $0.46 EPS. Washington Prime Group’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, equities analysts forecast that Washington Prime Group Inc. will post $0.94 EPS for the current fiscal year.

Washington Prime Group Company Profile

Washington Prime Group Inc (WPG Inc), formerly WP Glimcher Inc, operates as a self-administered and self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, development and management of retail real estate within the United States. The Company owns, develops and manages enclosed retail properties and community centers.

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