Simon Property Group (SPG) to Release Earnings on Monday

Simon Property Group (NYSE:SPG) is scheduled to be posting its quarterly earnings results before the market opens on Monday, January 29th. Analysts expect Simon Property Group to post earnings of $1.82 per share for the quarter. Simon Property Group has set its FY17 guidance at $11.17-11.22 EPS.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $2.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.88 by $0.01. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. Simon Property Group had a return on equity of 41.85% and a net margin of 31.96%. Simon Property Group’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company earned $2.70 earnings per share. On average, analysts expect Simon Property Group to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Simon Property Group (NYSE:SPG) opened at $164.24 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.57. The stock has a market capitalization of $52,550.00, a PE ratio of 29.02, a P/E/G ratio of 2.05 and a beta of 0.62. Simon Property Group has a fifty-two week low of $150.15 and a fifty-two week high of $187.35.

In related news, SVP Steven K. Broadwater sold 621 shares of the stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $171.95, for a total transaction of $106,780.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.42% of the company’s stock.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Simon Property Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Stifel Nicolaus reiterated a “hold” rating and set a $170.00 price objective on shares of Simon Property Group in a report on Thursday, October 12th. Raymond James Financial set a $185.00 price objective on Simon Property Group and gave the stock a “buy” rating in a report on Sunday, December 3rd. Argus decreased their price objective on Simon Property Group from $200.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Finally, Boenning Scattergood set a $240.00 price objective on Simon Property Group and gave the stock a “buy” rating in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $191.11.

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About Simon Property Group

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets.

Earnings History for Simon Property Group (NYSE:SPG)

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