Zacks: Analysts Anticipate Store Capital Corp (NYSE:STOR) to Post $0.48 Earnings Per Share

Analysts predict that Store Capital Corp (NYSE:STOR) will post earnings of $0.48 per share for the current quarter, according to Zacks. Five analysts have made estimates for Store Capital’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.47. Store Capital reported earnings per share of $0.47 during the same quarter last year, which suggests a positive year over year growth rate of 2.1%. The company is expected to issue its next quarterly earnings report on Thursday, November 7th.

On average, analysts expect that Store Capital will report full-year earnings of $1.90 per share for the current year, with EPS estimates ranging from $1.89 to $1.92. For the next financial year, analysts expect that the company will post earnings of $2.02 per share, with EPS estimates ranging from $1.96 to $2.07. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Store Capital.

Store Capital (NYSE:STOR) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.17). The business had revenue of $163.80 million during the quarter, compared to analysts’ expectations of $162.18 million. Store Capital had a net margin of 36.14% and a return on equity of 5.73%. The business’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS.

A number of research firms recently weighed in on STOR. Berenberg Bank began coverage on shares of Store Capital in a report on Tuesday, April 23rd. They set a “buy” rating and a $36.00 price target for the company. Zacks Investment Research lowered shares of Store Capital from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. BMO Capital Markets reaffirmed a “buy” rating and set a $35.00 price target on shares of Store Capital in a report on Monday, August 5th. ValuEngine lowered shares of Store Capital from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Raymond James raised their price target on shares of Store Capital from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $36.14.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STOR. Cedar Wealth Management LLC acquired a new position in Store Capital during the 1st quarter worth $34,000. Advisory Services Network LLC boosted its holdings in shares of Store Capital by 100.0% in the 1st quarter. Advisory Services Network LLC now owns 1,000 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 500 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Store Capital by 2,702.7% in the 1st quarter. Parallel Advisors LLC now owns 1,037 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,000 shares during the period. Heritage Wealth Advisors boosted its holdings in shares of Store Capital by 120.0% in the 2nd quarter. Heritage Wealth Advisors now owns 1,100 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 600 shares during the period. Finally, NewSquare Capital LLC boosted its holdings in shares of Store Capital by 230.8% in the 2nd quarter. NewSquare Capital LLC now owns 1,257 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 877 shares during the period. 89.34% of the stock is owned by institutional investors and hedge funds.

STOR traded down $0.12 during trading hours on Tuesday, reaching $36.50. 1,433,079 shares of the stock traded hands, compared to its average volume of 1,555,774. The firm’s fifty day simple moving average is $34.68 and its two-hundred day simple moving average is $33.63. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 3.85 and a beta of 0.21. Store Capital has a fifty-two week low of $26.93 and a fifty-two week high of $36.83. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.35 and a quick ratio of 0.35.

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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