Colony Capital (CLNY) Set to Announce Earnings on Friday

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Colony Capital (NYSE:CLNY) is scheduled to release its Q2 2019 earnings data before the market opens on Friday, August 9th. Analysts expect Colony Capital to post earnings of $0.14 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Colony Capital (NYSE:CLNY) last announced its earnings results on Friday, May 10th. The real estate investment trust reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.32). The company had revenue of $632.90 million during the quarter, compared to analyst estimates of $627.45 million. Colony Capital had a negative return on equity of 5.59% and a negative net margin of 21.02%. The firm’s revenue was down 5.1% on a year-over-year basis. On average, analysts expect Colony Capital to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE CLNY opened at $5.48 on Thursday. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 8.84 and a beta of 1.32. The company has a debt-to-equity ratio of 1.09, a quick ratio of 3.51 and a current ratio of 3.51. Colony Capital has a 1-year low of $4.55 and a 1-year high of $6.28. The business has a fifty day moving average of $5.22.

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 8.03%. The ex-dividend date of this dividend was Thursday, June 27th. Colony Capital’s payout ratio is presently 70.97%.

A number of brokerages recently weighed in on CLNY. Zacks Investment Research raised shares of Colony Capital from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research note on Tuesday, July 2nd. ValuEngine raised shares of Colony Capital from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

Colony Capital Company Profile

Colony Capital, Inc (NYSE: CLNY) is a leading global investment management firm with assets under management of $43 billion. The Company manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, non-traded and traded real estate investment trusts and registered investment companies.

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Earnings History for Colony Capital (NYSE:CLNY)

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