Four Corners Property Trust (NYSE:FCPT) Releases Earnings Results, Beats Estimates By $0.16 EPS

Four Corners Property Trust (NYSE:FCPT) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.16, Zacks reports. Four Corners Property Trust had a net margin of 37.27% and a return on equity of 7.68%.

Four Corners Property Trust Stock Performance

FCPT stock traded down $0.14 during midday trading on Wednesday, reaching $27.81. 639,860 shares of the company’s stock traded hands, compared to its average volume of 462,245. Four Corners Property Trust has a 52 week low of $22.38 and a 52 week high of $30.93. The company has a 50-day moving average price of $27.71 and a two-hundred day moving average price of $28.23. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market capitalization of $2.69 billion, a PE ratio of 25.99 and a beta of 1.14.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FCPT. UBS Group started coverage on Four Corners Property Trust in a research report on Thursday, November 14th. They issued a “buy” rating and a $33.00 target price for the company. Barclays cut their price target on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Finally, JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a report on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.40.

Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties.