Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) – Equities researchers at B. Riley lowered their Q1 2019 earnings per share (EPS) estimates for Consolidated-Tomoka Land in a research report issued on Tuesday. B. Riley analyst D. Corak now expects that the financial services provider will post earnings per share of $0.70 for the quarter, down from their prior forecast of $0.71. B. Riley has a “Buy” rating and a $82.00 price objective on the stock. B. Riley also issued estimates for Consolidated-Tomoka Land’s Q2 2019 earnings at $1.51 EPS, Q3 2019 earnings at $1.61 EPS and Q4 2019 earnings at $1.49 EPS.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $12.38 million for the quarter, compared to analysts’ expectations of $15.03 million.

CTO has been the topic of several other research reports. Zacks Investment Research raised Consolidated-Tomoka Land from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Thursday, November 2nd. FBR & Co reaffirmed a “buy” rating on shares of Consolidated-Tomoka Land in a research note on Thursday, October 19th. Finally, BidaskClub raised Consolidated-Tomoka Land from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 26th.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) traded down $0.52 during trading hours on Wednesday, reaching $67.06. The company’s stock had a trading volume of 3,390 shares, compared to its average volume of 17,100. Consolidated-Tomoka Land has a 52 week low of $49.73 and a 52 week high of $67.58. The stock has a market cap of $377.21, a PE ratio of 16.72 and a beta of 1.14.

In related news, CEO John P. Albright sold 1,453 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.87, for a total value of $91,350.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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About Consolidated-Tomoka Land

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.

Earnings History and Estimates for Consolidated-Tomoka Land (NYSEAMERICAN:CTO)

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