Wall Street Weighs in on ELS 2013 Guidance

February 27, 2013 by   - () Leave a Comment

Outlook for 2013

Equity Lifestyle Properties (ELS) issued an update on its Fiscal Year 2013 earnings guidance on Tuesday (Feb. 26).

The company provided EPS guidance of $4.94-$5.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.03. Equity Lifestyle Properties also updated its Q1 guidance to $1.35-$1.45 EPS, according to a news release.

Equity Lifestyle Properties (ELS) traded down 0.35% on Tuesday, hitting $74.30. Equity Lifestyle Properties (ELS) has a 1-year low of $63.18 and a 1-year high of $75.72. The stock’s 50-day moving average is currently $72.45. The company has a market cap of $3.067 billion and a price-to-earnings ratio of 56.48.

Equity Lifestyle Properties last issued its quarterly earnings data on Jan. 29. The company reported $1.11 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.11. The company had revenue of $171.93 million for the quarter, compared to the consensus estimate of $169.40 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that Equity Lifestyle Properties (ELS) will post $5.06 earnings per share for the current fiscal year.

A number of research firms have also recently commented on ELS. Analysts at Cantor Fitzgerald raised their price target on shares of Equity Lifestyle Properties from $73.50 to $75.50 in a research note to investors on Feb. 5. They now have a buy rating on the stock.

On a related note, analysts at BMO Capital Markets reiterated a market perform rating on shares of Equity Lifestyle Properties in a research note to investors on Feb. 1. They now have a $74.00 price target on the stock, up previously from $72.00.

Two investment analysts have rated the stock with a buy rating, and two have given a hold rating to the stock. Equity Lifestyle Properties presently has an average rating of overweight and an average target price of $76.17.


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