Store Capital (STOR) Issues FY18 Earnings Guidance

Store Capital (NYSE:STOR) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.81-$1.84 for the period, compared to the Thomson Reuters consensus estimate of $1.74. Store Capital also updated its FY 2018 guidance to $1.81-1.84 EPS.

STOR stock traded up $0.03 during midday trading on Thursday, reaching $29.06. 26,302 shares of the company were exchanged, compared to its average volume of 1,644,810. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.36. Store Capital has a one year low of $22.51 and a one year high of $29.82. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 3.39 and a beta of 0.15.

Store Capital (NYSE:STOR) last released its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.03. Store Capital had a net margin of 37.26% and a return on equity of 5.60%. The firm had revenue of $137.00 million during the quarter, compared to analysts’ expectations of $135.39 million. During the same period in the previous year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. Research analysts anticipate that Store Capital will post 1.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.54%. This is a boost from Store Capital’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, September 27th. Store Capital’s payout ratio is 77.19%.

A number of equities research analysts have recently issued reports on the stock. Janney Montgomery Scott cut shares of Store Capital from a buy rating to a neutral rating in a research report on Friday, July 13th. Stifel Nicolaus reissued a buy rating and issued a $29.00 target price on shares of Store Capital in a research report on Sunday, July 15th. Zacks Investment Research raised shares of Store Capital from a hold rating to a buy rating and set a $31.00 target price for the company in a research report on Wednesday, July 25th. LADENBURG THALM/SH SH reissued a hold rating on shares of Store Capital in a research report on Friday, August 3rd. Finally, Mizuho set a $30.00 target price on shares of Store Capital and gave the company a buy rating in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Store Capital has a consensus rating of Buy and an average target price of $29.00.

Store Capital Company Profile

STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in 2,084 property locations, substantially all of which are profit centers, in 49 states.

See Also: Initial Public Offering (IPO)

Earnings History and Estimates for Store Capital (NYSE:STOR)

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