Brokerages predict that Empire State Realty Trust Inc (NYSE:ESRT) will report $123.51 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Empire State Realty Trust’s earnings, with estimates ranging from $122.84 million to $124.17 million. Empire State Realty Trust posted sales of $123.60 million in the same quarter last year, which suggests a negative year over year growth rate of 0.1%. The business is scheduled to report its next earnings results after the market closes on Wednesday, February 20th.
According to Zacks, analysts expect that Empire State Realty Trust will report full-year sales of $493.51 million for the current fiscal year, with estimates ranging from $492.81 million to $494.22 million. For the next fiscal year, analysts expect that the business will report sales of $506.51 million, with estimates ranging from $499.67 million to $513.35 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Empire State Realty Trust.
Several equities analysts recently commented on ESRT shares. ValuEngine upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. Zacks Investment Research upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.00.
Shares of ESRT stock traded down $0.11 on Friday, hitting $15.52. The company’s stock had a trading volume of 1,155,814 shares, compared to its average volume of 1,147,444. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10. Empire State Realty Trust has a fifty-two week low of $13.66 and a fifty-two week high of $18.52. The company has a market capitalization of $2.72 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 6.21 and a beta of 0.94.
About Empire State Realty Trust
Empire State Realty Trust, Inc (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world's most famous building.
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