Farmland Partners (FPI) Scheduled to Post Quarterly Earnings on Wednesday

Farmland Partners (NYSE:FPI) will post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Farmland Partners to post earnings of $0.01 per share for the quarter.

Farmland Partners (NYSE:FPI) last posted its earnings results on Wednesday, July 24th. The financial services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). Farmland Partners had a return on equity of 3.97% and a net margin of 36.89%. The firm had revenue of $11.45 million for the quarter, compared to the consensus estimate of $11.84 million. During the same period in the prior year, the business earned ($0.02) EPS. On average, analysts expect Farmland Partners to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Farmland Partners Stock Up 0.1 %

Farmland Partners stock opened at $11.19 on Friday. Farmland Partners has a 52 week low of $9.70 and a 52 week high of $13.12. The company’s 50 day moving average price is $10.46 and its two-hundred day moving average price is $10.80. The stock has a market cap of $538.75 million, a P/E ratio of 21.93 and a beta of 0.70.

Insider Transactions at Farmland Partners

In related news, Director John A. Good purchased 24,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $10.15 per share, for a total transaction of $243,600.00. Following the purchase, the director now directly owns 86,465 shares in the company, valued at approximately $877,619.75. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th.

Farmland Partners Company Profile

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.