ELS Confirming EPS Guidance for Fiscal 2013
Equity Lifestyle Properties Inc. updated its FY13 earnings guidance on Monday (Sept. 9). The company provided earnings per share (EPS) guidance of $2.46-2.56 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.36, American Banking and Market News reports. Equity Lifestyle Properties also updated its Q3 guidance to $0.61-0.67 EPS.
Chicago-based ELS traded up 0.92% on Monday, hitting $35.26, as 395,197 shares of the company’s stock traded hands. Equity Lifestyle Properties Inc. has a one-year low of $31.59 and a one-year high of $42.86. The stock’s 50-day moving average is $37.03 and its 200-day moving average is $38.79. The company has a market cap of $2.939 billion and a P/E ratio of 31.31.
ELS last posted its quarterly earnings results on July 23. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.58 by $0.01. The company had revenue of $176.75 million for the quarter, compared to the consensus estimate of $174.40 million. On average, analysts predict that Equity Lifestyle Properties Inc. will post $2.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Oct. 11. Investors of record on Sept. 27 will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Sept. 25.
ELS has been the subject of a number of recent research reports. Analysts at BMO Capital Markets cut their price target on shares of ELS from $42.50 to $41.00 in a research note to investors on July 25h. Finally, analysts at Cantor Fitzgerald cut their price target on shares of ELS from $77.00 to $38.50 in a research note to investors on July 19. They now have a hold rating on the stock.
One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $44.38.