Global Net Lease (NYSE:GNL) is set to post its quarterly earnings results before the market opens on Wednesday, August 7th. Analysts expect Global Net Lease to post earnings of $0.48 per share for the quarter.
Global Net Lease (NYSE:GNL) last announced its earnings results on Thursday, May 9th. The financial services provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.43). The company had revenue of $75.47 million for the quarter, compared to analysts’ expectations of $75.92 million. Global Net Lease had a net margin of 4.96% and a return on equity of 1.00%. On average, analysts expect Global Net Lease to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE:GNL opened at $19.19 on Tuesday. The stock has a market cap of $1.64 billion, a P/E ratio of 9.36 and a beta of 0.71. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.35. Global Net Lease has a one year low of $16.95 and a one year high of $22.53. The company’s 50-day moving average is $19.49.
Separately, Zacks Investment Research upgraded Global Net Lease from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $24.00.
Global Net Lease Company Profile
Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.
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