Store Capital Corp (STOR) Expected to Announce Earnings of $0.47 Per Share

Equities research analysts expect that Store Capital Corp (NYSE:STOR) will report earnings of $0.47 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Store Capital’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.48. Store Capital reported earnings of $0.45 per share during the same quarter last year, which would indicate a positive year over year growth rate of 4.4%. The business is expected to report its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that Store Capital will report full year earnings of $1.89 per share for the current fiscal year, with EPS estimates ranging from $1.87 to $1.91. For the next year, analysts anticipate that the business will report earnings of $2.01 per share, with EPS estimates ranging from $1.98 to $2.03. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Store Capital.

Store Capital (NYSE:STOR) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $156.60 million for the quarter, compared to analysts’ expectations of $152.22 million. During the same quarter last year, the business posted $0.44 earnings per share. The business’s revenue was up 24.5% compared to the same quarter last year.

STOR has been the subject of several recent research reports. Berenberg Bank initiated coverage on shares of Store Capital in a report on Tuesday, April 23rd. They set a “buy” rating and a $36.00 target price for the company. BTIG Research raised their target price on shares of Store Capital to $37.00 and gave the company a “buy” rating in a report on Monday, April 15th. Raymond James set a $34.00 target price on shares of Store Capital and gave the company a “buy” rating in a report on Thursday, February 28th. Finally, Mizuho set a $34.00 target price on shares of Store Capital and gave the company a “buy” rating in a report on Wednesday, January 23rd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $33.50.

NYSE:STOR opened at $34.11 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.52. Store Capital has a twelve month low of $25.37 and a twelve month high of $34.27. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 3.60 and a beta of 0.30.

Hedge funds and other institutional investors have recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new stake in shares of Store Capital during the fourth quarter worth about $26,000. Cedar Wealth Management LLC purchased a new stake in shares of Store Capital during the first quarter worth about $34,000. Parallel Advisors LLC grew its holdings in shares of Store Capital by 2,702.7% during the first quarter. Parallel Advisors LLC now owns 1,037 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,000 shares in the last quarter. Duncker Streett & Co. Inc. purchased a new stake in shares of Store Capital during the first quarter worth about $50,000. Finally, Joseph P. Lucia & Associates LLC purchased a new stake in shares of Store Capital during the first quarter worth about $50,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

About Store Capital

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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