Vornado Realty Trust (VNO) to Release Quarterly Earnings on Monday

Vornado Realty Trust (NYSE:VNO) will be issuing its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.89 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The company had revenue of $463.10 million during the quarter, compared to the consensus estimate of $517.72 million. Vornado Realty Trust had a net margin of 139.71% and a return on equity of 8.53%. The business’s revenue was down 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. On average, analysts expect Vornado Realty Trust to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NYSE VNO opened at $62.42 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 4.87 and a current ratio of 4.87. The company has a market cap of $11.95 billion, a P/E ratio of 16.60, a P/E/G ratio of 4.76 and a beta of 0.98. The firm’s fifty day moving average is $62.71 and its two-hundred day moving average is $64.87. Vornado Realty Trust has a 52-week low of $58.60 and a 52-week high of $72.50.

VNO has been the topic of a number of research reports. Citigroup reduced their price target on shares of Vornado Realty Trust from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Morgan Stanley downgraded shares of Vornado Realty Trust from an “overweight” rating to an “equal” rating and reduced their price target for the company from $72.00 to $68.00 in a report on Friday, October 11th. SunTrust Banks set a $72.00 price target on shares of Vornado Realty Trust and gave the company a “buy” rating in a report on Monday, August 26th. ValuEngine upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $79.00 price target on shares of Vornado Realty Trust in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.71.

Vornado Realty Trust Company Profile

Vornado's portfolio is concentrated in the nation's key market — New York City — along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.

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Earnings History for Vornado Realty Trust (NYSE:VNO)

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