Vereit (VER) Set to Announce Quarterly Earnings on Wednesday

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Vereit (NYSE:VER) is scheduled to post its Q2 2019 quarterly earnings results before the market opens on Wednesday, August 7th. Analysts expect Vereit to post earnings of $0.17 per share for the quarter. Vereit has set its FY 2019 guidance at $0.68-0.70 EPS and its FY19 guidance at $0.68-0.70 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Vereit (NYSE:VER) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $316.84 million during the quarter, compared to analysts’ expectations of $307.92 million. Vereit had a negative net margin of 3.83% and a negative return on equity of 0.65%. Vereit’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 EPS. On average, analysts expect Vereit to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE VER opened at $8.97 on Tuesday. The business’s 50-day moving average is $9.16. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.81. The firm has a market cap of $8.93 billion, a PE ratio of 12.46, a PEG ratio of 1.17 and a beta of 0.55. Vereit has a 52-week low of $6.88 and a 52-week high of $9.72.

A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Vereit from a “buy” rating to a “hold” rating in a research note on Saturday, July 20th. Bank of America upgraded shares of Vereit from an “underperform” rating to a “buy” rating and raised their target price for the stock from $8.00 to $10.50 in a research note on Tuesday, June 11th. Morgan Stanley assumed coverage on shares of Vereit in a research note on Monday. They set an “equal weight” rating and a $9.00 target price for the company. Finally, ValuEngine cut shares of Vereit from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $9.25.

Vereit Company Profile

VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has total real estate investments of $15.6 billion including approximately 4,000 properties and 94.7 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.

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Earnings History for Vereit (NYSE:VER)

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