Analysts Anticipate Consolidated-Tomoka Land Co. (CTO) to Announce $0.38 EPS

Consolidated-Tomoka Land Co. (NYSEMKT:CTO) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a 1 year consensus target price of $80.00 for the company and are forecasting that the company will post $0.38 EPS for the current quarter, according to Zacks. Zacks has also given Consolidated-Tomoka Land an industry rank of 171 out of 265 based on the ratings given to its competitors.

Several research firms have recently commented on CTO. B. Riley set a $80.00 target price on Consolidated-Tomoka Land and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research downgraded Consolidated-Tomoka Land from a “buy” rating to a “hold” rating in a research report on Friday. FBR & Co set a $80.00 target price on Consolidated-Tomoka Land and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, BidaskClub raised Consolidated-Tomoka Land from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th.

In related news, CFO Mark E. Patten sold 2,640 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $54.88, for a total transaction of $144,883.20. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Consolidated-Tomoka Land (CTO) traded down $0.27 during trading hours on Friday, reaching $57.38. 1,478 shares of the company’s stock were exchanged, compared to its average volume of 10,786. Consolidated-Tomoka Land has a 52 week low of $49.73 and a 52 week high of $61.70.

Consolidated-Tomoka Land (NYSEMKT:CTO) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). The business had revenue of $12.38 million for the quarter, compared to analyst estimates of $15.03 million. Consolidated-Tomoka Land had a return on equity of 2.43% and a net margin of 7.81%.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 10th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Thursday, November 9th.

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Consolidated-Tomoka Land Company Profile

Consolidated-Tomoka Land Co is a real estate operating company. As of December 31, 2016, the Company owned and managed 31 commercial real estate properties in 10 states in the United States. Its segments include Income Properties, Commercial Loan Investments, Real Estate Operations, Golf Operations, and Agriculture and Other.

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