Equities analysts expect Saul Centers Inc (NYSE:BFS) to announce sales of $58.21 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Saul Centers’ earnings. The highest sales estimate is $58.40 million and the lowest is $57.86 million. Saul Centers reported sales of $56.50 million during the same quarter last year, which indicates a positive year over year growth rate of 3%. The company is scheduled to announce its next quarterly earnings results on Thursday, May 2nd.
According to Zacks, analysts expect that Saul Centers will report full year sales of $234.74 million for the current fiscal year, with estimates ranging from $232.85 million to $235.75 million. For the next financial year, analysts forecast that the business will post sales of $245.27 million, with estimates ranging from $237.33 million to $251.37 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Saul Centers.
Separately, Zacks Investment Research raised shares of Saul Centers from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Monday, December 31st.
BFS stock traded down $0.43 during trading on Friday, hitting $51.37. 95,645 shares of the company’s stock traded hands, compared to its average volume of 50,457. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 3.05 and a beta of 1.02. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 4.17. Saul Centers has a 1 year low of $45.49 and a 1 year high of $60.65.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 4.13%. The ex-dividend date is Monday, April 15th. Saul Centers’s payout ratio is 68.17%.
Saul Centers Company Profile
Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 49 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.
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