Consolidated-Tomoka Land Co. Forecasted to Earn Q1 2018 Earnings of $1.09 Per Share (CTO)
Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) – Analysts at B. Riley reduced their Q1 2018 EPS estimates for shares of Consolidated-Tomoka Land in a research note issued to investors on Monday. B. Riley analyst D. Corak now anticipates that the financial services provider will earn $1.09 per share for the quarter, down from their prior forecast of $1.10. B. Riley has a “Buy” rating and a $80.00 price objective on the stock. B. Riley also issued estimates for Consolidated-Tomoka Land’s Q3 2018 earnings at $1.55 EPS, Q4 2018 earnings at $5.21 EPS, FY2018 earnings at $8.99 EPS, Q1 2019 earnings at $0.71 EPS, Q2 2019 earnings at $1.52 EPS and Q3 2019 earnings at $1.62 EPS.
Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). Consolidated-Tomoka Land had a net margin of 7.81% and a return on equity of 2.43%. The company had revenue of $12.38 million during the quarter, compared to analyst estimates of $15.03 million.
Consolidated-Tomoka Land (NYSEAMERICAN:CTO) traded up $1.18 on Tuesday, hitting $61.89. 18,600 shares of the stock were exchanged, compared to its average volume of 10,661. Consolidated-Tomoka Land has a one year low of $49.73 and a one year high of $61.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.32%. Consolidated-Tomoka Land’s dividend payout ratio (DPR) is presently 4.99%.
TRADEMARK VIOLATION WARNING: “Consolidated-Tomoka Land Co. Forecasted to Earn Q1 2018 Earnings of $1.09 Per Share (CTO)” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/30/consolidated-tomoka-land-co-forecasted-to-earn-q1-2018-earnings-of-1-09-per-share-cto.html.
Consolidated-Tomoka Land Company Profile
Consolidated-Tomoka Land Co is a real estate operating company. As of December 31, 2016, the Company owned and managed 31 commercial real estate properties in 10 states in the United States. Its segments include Income Properties, Commercial Loan Investments, Real Estate Operations, Golf Operations, and Agriculture and Other.
Receive News & Stock Ratings for Consolidated-Tomoka Land Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated-Tomoka Land Co. and related stocks with our FREE daily email newsletter.