Equities analysts expect Education Realty Trust, Inc. (NYSE:EDR) to report earnings per share (EPS) of $0.38 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Education Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.39. Education Realty Trust reported earnings per share of $0.42 in the same quarter last year, which would indicate a negative year-over-year growth rate of 9.5%. The business is scheduled to announce its next quarterly earnings report on Monday, September 17th.
According to Zacks, analysts expect that Education Realty Trust will report full year earnings of $1.85 per share for the current financial year, with EPS estimates ranging from $1.85 to $1.86. For the next fiscal year, analysts forecast that the company will post earnings of $1.98 per share, with EPS estimates ranging from $1.95 to $2.03. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Education Realty Trust.
EDR has been the topic of a number of recent analyst reports. ValuEngine cut Education Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Goldman Sachs Group reiterated a “neutral” rating on shares of Education Realty Trust in a report on Thursday, May 31st. Evercore ISI upgraded Education Realty Trust from an “underperform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Sunday, June 3rd. Robert W. Baird upped their price objective on Education Realty Trust from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, June 26th. Finally, Sandler O’Neill cut Education Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Education Realty Trust currently has an average rating of “Hold” and an average target price of $41.93.
EDR traded up $0.03 during trading hours on Friday, reaching $41.49. The company’s stock had a trading volume of 1,528,417 shares, compared to its average volume of 648,283. Education Realty Trust has a fifty-two week low of $30.07 and a fifty-two week high of $43.30. The stock has a market capitalization of $3.34 billion, a PE ratio of 21.84 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.11 and a current ratio of 0.11.
Education Realty Trust Company Profile
A leader in the collegiate housing industry since 1964, EdR is one of the largest developers, owners and managers of high-quality collegiate housing communities. EdR is a self-administered and self-managed real estate investment trust (REIT) publicly traded on the New York Stock Exchange (NYSE: EDR).
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