Vornado Realty Trust (VNO) Scheduled to Post Earnings on Monday

Vornado Realty Trust (NYSE:VNO) will post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Vornado Realty Trust to post earnings of $0.50 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.37). The business had revenue of $450.27 million during the quarter, compared to analyst estimates of $439.28 million. Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS. On average, analysts expect Vornado Realty Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Vornado Realty Trust Stock Down 1.4 %

Shares of Vornado Realty Trust stock opened at $43.17 on Monday. Vornado Realty Trust has a 1 year low of $18.36 and a 1 year high of $44.00. The company has a market cap of $8.22 billion, a P/E ratio of 479.67 and a beta of 1.65. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 1.78. The stock has a 50-day moving average price of $37.74 and a 200 day moving average price of $30.53.

Analyst Upgrades and Downgrades

Several research firms recently commented on VNO. Barclays raised their price target on shares of Vornado Realty Trust from $21.00 to $27.00 and gave the stock an “underweight” rating in a report on Wednesday, August 14th. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research note on Saturday, July 20th. BMO Capital Markets raised Vornado Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $29.00 to $40.00 in a research report on Thursday, August 8th. Evercore ISI upped their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Finally, The Goldman Sachs Group lifted their price target on Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a report on Thursday, September 12th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $32.16.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.