Wall Street analysts forecast that SITE Centers Corp. (NASDAQ:SITC) will report earnings per share (EPS) of $0.23 for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for SITE Centers’ earnings, with estimates ranging from $0.14 to $0.25. SITE Centers posted earnings per share of $0.31 in the same quarter last year, which indicates a negative year-over-year growth rate of 25.8%. The business is expected to report its next earnings results on Monday, August 3rd.
On average, analysts expect that SITE Centers will report full year earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $0.86 to $1.09. For the next financial year, analysts expect that the company will report earnings of $1.02 per share, with EPS estimates ranging from $0.91 to $1.14. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for SITE Centers.
SITE Centers (NASDAQ:SITC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.09. The firm had revenue of $114.10 million during the quarter, compared to analysts’ expectations of $112.12 million. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 EPS.
In other SITE Centers news, Director Dawn M. Sweeney purchased 20,000 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were bought at an average price of $5.49 per share, for a total transaction of $109,800.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Large investors have recently bought and sold shares of the stock. First Mercantile Trust Co. acquired a new position in SITE Centers in the 1st quarter valued at $72,000. M&T Bank Corp acquired a new position in SITE Centers in the 1st quarter valued at $74,000. Fifth Third Bancorp grew its stake in SITE Centers by 15.6% in the 1st quarter. Fifth Third Bancorp now owns 16,952 shares of the company’s stock valued at $88,000 after buying an additional 2,283 shares during the last quarter. Two Sigma Securities LLC acquired a new position in SITE Centers in the 1st quarter valued at $88,000. Finally, Stratos Wealth Partners LTD. grew its stake in SITE Centers by 17.3% in the 1st quarter. Stratos Wealth Partners LTD. now owns 18,104 shares of the company’s stock valued at $94,000 after buying an additional 2,664 shares during the last quarter.
Shares of NASDAQ:SITC traded up $0.56 during mid-day trading on Wednesday, hitting $7.99. The stock had a trading volume of 309,568 shares, compared to its average volume of 2,454,707. SITE Centers has a 12-month low of $3.60 and a 12-month high of $15.85. The company’s 50 day moving average is $6.67 and its 200-day moving average is $9.41.
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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