Wall Street Weighs in on ELS 2013 Guidance

February 27, 2013 by   - () Comments Off on Wall Street Weighs in on ELS 2013 Guidance

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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