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ELS Confirming EPS Guidance for Fiscal 2013

September 10, 2013 by   - () Comments Off on ELS Confirming EPS Guidance for Fiscal 2013

ELS updates guidance

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.

 

 

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