Simon Property Group (SPG) to Release Earnings on Wednesday

Simon Property Group (NYSE:SPG) will be releasing its earnings data before the market opens on Wednesday, April 25th. Analysts expect Simon Property Group to post earnings of $1.48 per share for the quarter. Simon Property Group has set its FY18 guidance at $11.90-12.02 EPS.

Simon Property Group (NYSE:SPG) last released its earnings results on Wednesday, January 31st. The real estate investment trust reported $3.12 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $3.12. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Simon Property Group had a net margin of 35.14% and a return on equity of 44.93%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share. On average, analysts expect Simon Property Group to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

SPG opened at $146.90 on Tuesday. The company has a debt-to-equity ratio of 5.87, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market capitalization of $47,169.48, a price-to-earnings ratio of 13.10, a P/E/G ratio of 1.89 and a beta of 0.57. Simon Property Group has a twelve month low of $145.96 and a twelve month high of $173.16.

SPG has been the topic of several research reports. Zacks Investment Research lowered shares of Simon Property Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. ValuEngine lowered shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays lowered their price target on shares of Simon Property Group from $190.00 to $188.00 and set an “overweight” rating on the stock in a research report on Monday, February 26th. Boenning Scattergood reissued a “buy” rating and issued a $240.00 price target on shares of Simon Property Group in a research report on Thursday, February 1st. Finally, JPMorgan Chase lowered shares of Simon Property Group from an “overweight” rating to a “neutral” rating in a research report on Tuesday, March 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. Simon Property Group has an average rating of “Hold” and an average target price of $185.61.

WARNING: This piece of content was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3383480/simon-property-group-spg-to-release-earnings-on-wednesday.html.

Simon Property Group Company Profile

Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

Earnings History for Simon Property Group (NYSE:SPG)

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

Latest News

MediBloc Price Up 8.3% This Week
MediBloc Price Up 8.3% This Week
Factom Market Capitalization Achieves $143.79 Million
Factom Market Capitalization Achieves $143.79 Million
Reviewing Genomic Health  and CareDx
Reviewing Genomic Health and CareDx
Financial Contrast: Valero Energy  and Vertex Energy
Financial Contrast: Valero Energy and Vertex Energy
Comparing Verint Systems  and VASCO Data Security International
Comparing Verint Systems and VASCO Data Security International
Brokerages Anticipate EXFO  Will Announce Earnings of -$0.08 Per Share
Brokerages Anticipate EXFO Will Announce Earnings of -$0.08 Per Share


© 2006-2018 Ticker Report. Google+.