Brokerages Anticipate Invitation Homes Inc (INVH) Will Announce Earnings of $0.30 Per Share

Wall Street analysts forecast that Invitation Homes Inc (NYSE:INVH) will post earnings per share (EPS) of $0.30 for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Invitation Homes’ earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.30. Invitation Homes posted earnings of ($0.11) per share during the same quarter last year, which would indicate a positive year over year growth rate of 372.7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 20th.

According to Zacks, analysts expect that Invitation Homes will report full-year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.17 to $1.18. For the next year, analysts expect that the business will post earnings of $1.24 per share, with EPS estimates ranging from $1.20 to $1.26. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Invitation Homes.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Monday, November 5th. The company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Invitation Homes had a negative return on equity of 0.56% and a negative net margin of 4.71%. The company had revenue of $434.20 million during the quarter, compared to the consensus estimate of $436.18 million. During the same period last year, the company earned $0.20 EPS. Invitation Homes’s revenue for the quarter was up 78.3% on a year-over-year basis.

INVH has been the subject of several research analyst reports. Mizuho downgraded Invitation Homes from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $25.00 to $23.00 in a report on Wednesday, November 14th. Zacks Investment Research upgraded Invitation Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Finally, TheStreet upgraded Invitation Homes from a “d+” rating to a “c” rating in a research note on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $25.25.

A number of large investors have recently made changes to their positions in the stock. Cohen & Steers Inc. increased its stake in Invitation Homes by 24.1% during the third quarter. Cohen & Steers Inc. now owns 34,006,587 shares of the company’s stock worth $779,091,000 after acquiring an additional 6,600,538 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in Invitation Homes by 34.6% in the third quarter. Daiwa Securities Group Inc. now owns 10,095,740 shares of the company’s stock worth $231,294,000 after acquiring an additional 2,594,695 shares during the last quarter. FMR LLC lifted its holdings in Invitation Homes by 1,679.2% in the third quarter. FMR LLC now owns 2,256,047 shares of the company’s stock worth $51,686,000 after acquiring an additional 2,129,247 shares during the last quarter. BlackRock Inc. lifted its holdings in Invitation Homes by 8.4% in the third quarter. BlackRock Inc. now owns 25,275,117 shares of the company’s stock worth $579,052,000 after acquiring an additional 1,953,906 shares during the last quarter. Finally, Capital Growth Management LP bought a new position in Invitation Homes in the third quarter worth about $37,343,000.

NYSE INVH traded up $0.26 during trading hours on Wednesday, hitting $20.76. The company’s stock had a trading volume of 120,536 shares, compared to its average volume of 2,043,883. Invitation Homes has a 12 month low of $19.21 and a 12 month high of $23.97. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of 79.96, a PEG ratio of 3.04 and a beta of 0.27. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.47.

Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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