Analysts forecast that Front Yard Residential Corp (NYSE:RESI) will announce $0.12 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Front Yard Residential’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.12. The firm is expected to announce its next earnings results on Thursday, March 7th.

According to Zacks, analysts expect that Front Yard Residential will report full year earnings of $0.29 per share for the current fiscal year, with EPS estimates ranging from $0.28 to $0.30. For the next fiscal year, analysts anticipate that the business will report earnings of $0.56 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Front Yard Residential.

Front Yard Residential (NYSE:RESI) last issued its earnings results on Wednesday, November 7th. The real estate investment trust reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.93). Front Yard Residential had a negative net margin of 85.55% and a negative return on equity of 22.74%. The firm had revenue of $48.31 million during the quarter, compared to analysts’ expectations of $47.33 million.

Several analysts have recently issued reports on RESI shares. Credit Suisse Group upped their price target on Front Yard Residential from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Friday, August 10th. Zacks Investment Research downgraded Front Yard Residential from a “hold” rating to a “sell” rating in a research note on Friday, August 17th.

In related news, CFO Robin N. Lowe purchased 12,000 shares of the firm’s stock in a transaction dated Friday, November 9th. The stock was bought at an average price of $8.19 per share, for a total transaction of $98,280.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO George G. Ellison purchased 27,900 shares of the firm’s stock in a transaction dated Monday, November 12th. The shares were bought at an average price of $8.31 per share, with a total value of $231,849.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 49,800 shares of company stock valued at $412,794. 0.88% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RESI. SG Americas Securities LLC bought a new stake in Front Yard Residential during the 2nd quarter valued at approximately $149,000. State of Alaska Department of Revenue bought a new stake in Front Yard Residential during the 3rd quarter valued at approximately $171,000. Martingale Asset Management L P bought a new stake in Front Yard Residential during the 3rd quarter valued at approximately $189,000. Fox Run Management L.L.C. bought a new stake in Front Yard Residential during the 2nd quarter valued at approximately $206,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in Front Yard Residential by 4.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 532,476 shares of the real estate investment trust’s stock valued at $5,549,000 after purchasing an additional 23,502 shares during the period. Institutional investors own 70.95% of the company’s stock.

Shares of NYSE RESI opened at $8.80 on Friday. Front Yard Residential has a one year low of $7.99 and a one year high of $13.07.

About Front Yard Residential

Front Yard is an industry leader in providing quality, affordable rental homes to America's families. Our homes offer exceptional value in a variety of suburban communities which have easy accessibility to metropolitan areas. Front Yard's tenants enjoy the space and comfort that is unique to single-family housing, at reasonable prices.

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