CubeSmart (CUBE) Expected to Post Earnings of $0.39 Per Share

Wall Street analysts expect that CubeSmart (NYSE:CUBE) will report $0.39 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for CubeSmart’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.38. CubeSmart reported earnings of $0.36 per share in the same quarter last year, which would indicate a positive year over year growth rate of 8.3%. The firm is scheduled to issue its next earnings results after the market closes on Thursday, April 26th.

On average, analysts expect that CubeSmart will report full-year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.62 to $1.65. For the next fiscal year, analysts expect that the business will report earnings of $1.71 per share, with EPS estimates ranging from $1.64 to $1.75. Zacks’ EPS averages are an average based on a survey of analysts that follow CubeSmart.

How to Become a New Pot Stock Millionaire

CubeSmart (NYSE:CUBE) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. CubeSmart had a return on equity of 8.39% and a net margin of 24.02%. The company had revenue of $143.48 million during the quarter, compared to analyst estimates of $143.18 million. During the same quarter last year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis.

CUBE has been the subject of several recent research reports. B. Riley set a $32.00 price objective on CubeSmart and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Zacks Investment Research raised CubeSmart from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Monday, December 18th. Jefferies Group set a $32.00 target price on CubeSmart and gave the stock a “buy” rating in a research note on Monday, March 5th. Cantor Fitzgerald restated a “buy” rating and issued a $31.00 target price on shares of CubeSmart in a research note on Thursday, February 15th. Finally, ValuEngine upgraded CubeSmart from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $30.00.

CUBE traded down $0.25 during trading hours on Friday, hitting $28.25. The stock had a trading volume of 863,556 shares, compared to its average volume of 1,259,753. CubeSmart has a 1 year low of $22.83 and a 1 year high of $29.79. The firm has a market cap of $5,149.35, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 3.59 and a beta of 0.09. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.06 and a current ratio of 0.06.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be paid a $0.30 dividend. The ex-dividend date is Thursday, March 29th. This represents a $1.20 annualized dividend and a yield of 4.25%. CubeSmart’s dividend payout ratio is currently 75.47%.

Hedge funds and other institutional investors have recently modified their holdings of the business. American International Group Inc. bought a new stake in shares of CubeSmart during the 4th quarter valued at about $119,000. The Manufacturers Life Insurance Company boosted its position in shares of CubeSmart by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,341 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 370 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of CubeSmart during the 3rd quarter valued at about $211,000. Comerica Bank bought a new stake in shares of CubeSmart during the 3rd quarter valued at about $220,000. Finally, Shelton Capital Management bought a new stake in shares of CubeSmart during the 4th quarter valued at about $249,000.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://www.tickerreport.com/banking-finance/3341926/cubesmart-cube-expected-to-post-earnings-of-0-39-per-share.html.

CubeSmart Company Profile

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2018 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

Get a free copy of the Zacks research report on CubeSmart (CUBE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for CubeSmart (NYSE:CUBE)

Receive News & Ratings for CubeSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CubeSmart and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

ClearPoll Market Cap Achieves $8.14 Million
ClearPoll Market Cap Achieves $8.14 Million
CRTCoin  Price Hits $0.40 on Top Exchanges
CRTCoin Price Hits $0.40 on Top Exchanges
Cara Therapeutics  Receives $25.18 Consensus Target Price from Analysts
Cara Therapeutics Receives $25.18 Consensus Target Price from Analysts
Brokerages Set Tallgrass Energy Partners LP  Price Target at $48.67
Brokerages Set Tallgrass Energy Partners LP Price Target at $48.67
Amarin Co.  Expected to Post Earnings of -$0.07 Per Share
Amarin Co. Expected to Post Earnings of -$0.07 Per Share
Etheroll  Trading Up 58.5% Over Last 7 Days
Etheroll Trading Up 58.5% Over Last 7 Days


Leave a Reply

© 2006-2018 Ticker Report. Google+.