VEREIT Inc. (VER) Set to Announce Earnings on Wednesday

VEREIT Inc. (NYSE:VER) is scheduled to release its earnings data before the market opens on Wednesday, November 8th. Analysts expect VEREIT to post earnings of $0.50 per share for the quarter.

VEREIT (NYSE:VER) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.16). The firm had revenue of $336.90 million during the quarter, compared to analyst estimates of $296.02 million. VEREIT had a negative net margin of 2.72% and a negative return on equity of 0.44%. VEREIT’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 EPS. On average, analysts expect VEREIT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

VEREIT Inc. (NYSE:VER) opened at $7.92 on Monday. The stock has a market cap of $7,716.05, a price-to-earnings ratio of 10.70 and a beta of 0.74. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. VEREIT Inc. has a fifty-two week low of $7.44 and a fifty-two week high of $9.17.

Several research firms recently issued reports on VER. BidaskClub upgraded shares of VEREIT from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research lowered shares of VEREIT from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Stifel Nicolaus reiterated a “hold” rating on shares of VEREIT in a report on Wednesday, November 1st. Finally, ValuEngine upgraded shares of VEREIT from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.88.

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VEREIT Company Profile

VEREIT, Inc is a full-service real estate operating company. The Company operates through two business segments: real estate investment (REI) segment and investment management segment, Cole Capital. As of December 31, 2016, through its REI segment, the Company owned and managed a portfolio of 4,142 retail, restaurant, office and industrial real estate properties with an aggregate of 93.3 million square feet, which are located in 49 states, Puerto Rico and Canada.

Earnings History for VEREIT (NYSE:VER)

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