The research analysts working at Truist Securiti have cut the EPS of FRT in one of the research notes that were published on the 30th of December. K. Kim, one of the analysts at Truist Securiti, is now expecting the company to post an EPS of $5.03, rather than the previous forecast of $5.08. The brokerage firm has also issued estimates on the FY2022 earnings of the company at $5.55 EPS.
The Quarterly Earnings of FRT
The stocks of FRT previously issued their quarterly earnings data on the 5th of November. The investment trust has reported an EPS of $0.41 for this quarter, where they missed out on the consensus estimate placed by Thomson Reuters at around $1.10. The company also has a return on its equity at 7.72%, with a net margin of around 21.56%. The revenue earned by the company for this quarter was $208.20 million, which could be compared to the analyst expectations of around $206.57 million. Just the previous year, the company had earned an EPS of $1.43.
The stocks of FRT have been the subject of quite a few research reports. BidaskClub has already lowered the shares of the company from a rating of sell, to a rating of strong sell, in a research report that was sent out on the 23rd of December. ValuEngine has also increased the rating of the company from a rating of sell, to a rating of hold, in a November 10th research report. The Bank of America has also raised the price objective on the stocks of the company to $110, while giving the company a rating of neutral in a 16th November research report. Mizuho Securities, on the other hand, lowered the rating of the company from buy, to neutral.
FRT currently has a rating of hold, with a price target of $90.47.
