Broadstone Net Lease (NYSE:BNL – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.410-1.430 for the period, compared to the consensus earnings per share estimate of 1.480. The company issued revenue guidance of -.
Broadstone Net Lease Stock Performance
Broadstone Net Lease stock traded up $0.12 during trading hours on Wednesday, hitting $18.12. 1,302,610 shares of the stock were exchanged, compared to its average volume of 1,155,292. Broadstone Net Lease has a 12 month low of $13.91 and a 12 month high of $19.15. The business’s 50-day moving average is $18.40 and its two-hundred day moving average is $16.80. The stock has a market capitalization of $3.42 billion, a P/E ratio of 21.83 and a beta of 1.11.
Broadstone Net Lease (NYSE:BNL – Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.15). The business had revenue of $105.91 million for the quarter, compared to analyst estimates of $105.95 million. Broadstone Net Lease had a net margin of 36.78% and a return on equity of 4.86%. During the same period in the prior year, the business earned $0.35 earnings per share. On average, equities analysts predict that Broadstone Net Lease will post 1.39 earnings per share for the current fiscal year.
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About Broadstone Net Lease
Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation’s operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation’s properties.
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