Equities research analysts expect Paramount Group Inc (NYSE:PGRE) to report $0.21 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Paramount Group’s earnings. The highest EPS estimate is $0.22 and the lowest is $0.20. Paramount Group reported earnings per share of ($0.03) during the same quarter last year, which suggests a positive year over year growth rate of 800%. The company is expected to announce its next quarterly earnings results on Wednesday, February 28th.
On average, analysts expect that Paramount Group will report full year earnings of $0.90 per share for the current financial year, with EPS estimates ranging from $0.89 to $0.92. For the next financial year, analysts forecast that the business will report earnings of $0.95 per share, with EPS estimates ranging from $0.92 to $0.98. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Paramount Group.
Paramount Group (NYSE:PGRE) last issued its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Paramount Group had a net margin of 12.29% and a return on equity of 1.76%. The business had revenue of $179.80 million during the quarter, compared to the consensus estimate of $172.85 million. During the same period in the prior year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year.
Shares of Paramount Group (PGRE) opened at $15.96 on Wednesday. Paramount Group has a 52-week low of $15.14 and a 52-week high of $17.58. The stock has a market cap of $3,886.79, a PE ratio of 19.05, a price-to-earnings-growth ratio of 3.02 and a beta of 0.80.
Several institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC lifted its stake in shares of Paramount Group by 6.7% during the 1st quarter. Teachers Advisors LLC now owns 253,796 shares of the financial services provider’s stock valued at $4,114,000 after buying an additional 16,033 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Paramount Group by 98.6% during the 1st quarter. Bank of America Corp DE now owns 180,291 shares of the financial services provider’s stock valued at $2,923,000 after buying an additional 89,516 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Paramount Group by 21.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,001,617 shares of the financial services provider’s stock valued at $16,053,000 after buying an additional 179,704 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of Paramount Group by 5.4% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 47,769 shares of the financial services provider’s stock valued at $764,000 after buying an additional 2,456 shares in the last quarter. Finally, Strs Ohio lifted its stake in shares of Paramount Group by 12.9% during the 2nd quarter. Strs Ohio now owns 255,733 shares of the financial services provider’s stock valued at $4,091,000 after buying an additional 29,174 shares in the last quarter. 62.65% of the stock is owned by hedge funds and other institutional investors.
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About Paramount Group
Paramount Group, Inc is a fully-integrated real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (DC) and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership).
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