Four Corners Property Trust Inc (FCTarget Price) to Publish Revenue on Monday

Four Corners Property Trust Inc (FCTarget Price) to Publish Revenue on Monday

Four Corners Property Trust Inc (NYSE:FCPT) is set to announce its earnings results on Monday, April 3rd.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings results on Wednesday, February 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.06. Four Corners Property Trust had a return on equity of 29.56% and a net margin of 115.37%. The business earned $31.27 million during the quarter, compared to analysts’ expectations of $29.09 million. During the same period in the previous year, the business posted $1.35 earnings per share. The firm’s revenue for the quarter was up 60.8% compared to the same quarter last year. On average, analysts expect Four Corners Property Trust to post $1.03 EPS for the current fiscal year and $1.07 EPS for the next fiscal year.

Four Corners Property Trust Inc (NYSE:FCPT) traded up 1.74% on Friday, hitting $22.83. The company had a trading volume of 546,519 shares. The firm has a market capitalization of $1.37 billion, a PE ratio of 8.68 and a beta of 0.26. The firm has a 50-day moving average price of $21.81 and a 200-day moving average price of $20.58. Four Corners Property Trust Inc has a 12-month low of $16.71 and a 12-month high of $22.89.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Wednesday, March 29th.

Separately, Zacks Investment Research lowered Four Corners Property Trust from a “buy” rating to a “hold” rating in a report on Monday, March 13th.

About Four Corners Property Trust

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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