Brokerages Anticipate Invitation Homes Inc (INVH) to Announce $0.30 EPS

Analysts expect Invitation Homes Inc (NYSE:INVH) to announce earnings per share (EPS) of $0.30 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Invitation Homes’ earnings, with estimates ranging from $0.27 to $0.32. Invitation Homes posted earnings of ($0.03) per share in the same quarter last year, which would suggest a positive year over year growth rate of 1,100%. The business is scheduled to issue its next quarterly earnings report after the market closes on Monday, May 6th.

According to Zacks, analysts expect that Invitation Homes will report full year earnings of $1.24 per share for the current fiscal year, with EPS estimates ranging from $1.23 to $1.25. For the next financial year, analysts forecast that the business will post earnings of $1.28 per share, with EPS estimates ranging from $1.22 to $1.31. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Invitation Homes.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Thursday, February 14th. The company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. The firm had revenue of $433.00 million during the quarter, compared to analysts’ expectations of $440.07 million. Invitation Homes had a positive return on equity of 0.64% and a negative net margin of 0.30%. The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS.

A number of analysts recently commented on the company. TheStreet upgraded Invitation Homes from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Zacks Investment Research upgraded Invitation Homes from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $25.13.

In other Invitation Homes news, Director Barry S. Sternlicht sold 3,000,000 shares of Invitation Homes stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $23.22, for a total value of $69,660,000.00. Following the completion of the sale, the director now owns 5,482 shares in the company, valued at approximately $127,292.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Real Estate Partner Blackstone sold 40,000,000 shares of Invitation Homes stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $23.22, for a total value of $928,800,000.00. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of INVH. CI Investments Inc. grew its holdings in Invitation Homes by 6.1% in the 3rd quarter. CI Investments Inc. now owns 450,700 shares of the company’s stock valued at $10,326,000 after buying an additional 26,000 shares during the period. FMR LLC grew its holdings in Invitation Homes by 1,679.2% in the 3rd quarter. FMR LLC now owns 2,256,047 shares of the company’s stock valued at $51,686,000 after buying an additional 2,129,247 shares during the period. Virtu Financial LLC purchased a new stake in Invitation Homes in the 3rd quarter valued at about $201,000. GSA Capital Partners LLP purchased a new stake in shares of Invitation Homes during the 3rd quarter worth about $303,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Invitation Homes during the 3rd quarter worth about $8,541,000.

Invitation Homes stock opened at $24.16 on Thursday. The stock has a market cap of $12.68 billion, a P/E ratio of 105.04, a P/E/G ratio of 3.37 and a beta of 0.55. Invitation Homes has a 52 week low of $19.21 and a 52 week high of $24.98. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.85.

Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family rental homes, 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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