STORE Capital Corporation (NYSE:STOR) Expected to Announce Quarterly Sales of $110.18 Million

Equities analysts predict that STORE Capital Corporation (NYSE:STOR) will report $110.18 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for STORE Capital Corporation’s earnings. The highest sales estimate is $116.84 million and the lowest is $102.82 million. STORE Capital Corporation reported sales of $91.76 million during the same quarter last year, which would suggest a positive year over year growth rate of 20.1%. The business is scheduled to report its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that STORE Capital Corporation will report full year sales of $110.18 million for the current fiscal year, with estimates ranging from $410.38 million to $436.70 million. For the next fiscal year, analysts anticipate that the firm will post sales of $471.64 million per share, with estimates ranging from $417.80 million to $503.06 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow STORE Capital Corporation.

STORE Capital Corporation (NYSE:STOR) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.07. The company had revenue of $114.21 million for the quarter, compared to analysts’ expectations of $112.27 million. STORE Capital Corporation had a net margin of 38.71% and a return on equity of 6.32%. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS.

STOR has been the subject of several analyst reports. Goldman Sachs Group, Inc. (The) upgraded STORE Capital Corporation from a “buy” rating to a “conviction-buy” rating in a report on Thursday, April 20th. Stifel Nicolaus reduced their target price on STORE Capital Corporation from $27.50 to $25.50 and set a “buy” rating for the company in a research note on Friday, May 5th. Wunderlich reduced their target price on STORE Capital Corporation from $27.50 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 5th. Ladenburg Thalmann Financial Services lowered STORE Capital Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 10th. Finally, ValuEngine lowered STORE Capital Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. STORE Capital Corporation has a consensus rating of “Hold” and a consensus target price of $27.54.

STORE Capital Corporation (STOR) traded up 0.17% on Friday, hitting $23.84. The stock had a trading volume of 563,887 shares. The company has a 50-day moving average price of $22.64 and a 200 day moving average price of $23.04. STORE Capital Corporation has a 52-week low of $19.65 and a 52-week high of $30.65. The firm has a market cap of $4.08 billion, a PE ratio of 28.83 and a beta of 0.25.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.87%. STORE Capital Corporation’s payout ratio is currently 118.37%.

Several large investors have recently bought and sold shares of the stock. Sigma Planning Corp acquired a new stake in STORE Capital Corporation during the first quarter worth approximately $355,000. Metropolitan Life Insurance Co. NY boosted its stake in STORE Capital Corporation by 2.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,867 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 367 shares during the period. Prudential Financial Inc. boosted its stake in STORE Capital Corporation by 28.7% in the first quarter. Prudential Financial Inc. now owns 1,850,589 shares of the real estate investment trust’s stock worth $44,193,000 after buying an additional 412,897 shares during the period. Laurion Capital Management LP acquired a new stake in STORE Capital Corporation during the first quarter worth approximately $1,791,000. Finally, Dubuque Bank & Trust Co. acquired a new stake in STORE Capital Corporation during the second quarter worth approximately $1,957,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

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About STORE Capital Corporation

STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. As of December 31, 2016, the Company owned a portfolio that consisted of investments in 1,660 property locations operated by 360 customers across 48 states.

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