SITE Centers (NASDAQ:SITC) Updates Q3 2019 Earnings Guidance

SITE Centers (NASDAQ:SITC) issued an update on its third quarter 2019 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.30-0.30 for the period.

Shares of SITE Centers stock traded up $0.09 during trading on Friday, hitting $14.90. 1,160,900 shares of the company’s stock traded hands, compared to its average volume of 1,057,223. SITE Centers has a 1 year low of $10.71 and a 1 year high of $15.85. The business has a 50-day simple moving average of $15.10 and a 200-day simple moving average of $14.02.

SITE Centers (NASDAQ:SITC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.22). The company had revenue of $109.70 million during the quarter, compared to the consensus estimate of $111.73 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. SITE Centers’s revenue was down 15.0% compared to the same quarter last year.

Several equities research analysts recently commented on SITC shares. Mizuho cut SITE Centers from a buy rating to a neutral rating and set a $14.00 price objective on the stock. in a research report on Friday, September 13th. Compass Point began coverage on SITE Centers in a research report on Thursday, August 15th. They issued a neutral rating and a $14.00 target price on the stock. Finally, Zacks Investment Research raised SITE Centers from a hold rating to a buy rating and set a $16.00 target price on the stock in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $14.67.

SITE Centers Company Profile

SITE is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.

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Earnings History and Estimates for SITE Centers (NASDAQ:SITC)

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