City Developments (CDEVY) Expected to Release Quarterly Earnings on Wednesday

City Developments (OTCMKTS:CDEVY) is expected to be issuing its results before the market opens on Wednesday, August 12th. Analysts expect the company to announce earnings of $0.2090 per share and revenue of $1.5278 billion for the quarter.

City Developments Stock Down 2.4%

OTCMKTS:CDEVY opened at $5.92 on Wednesday. City Developments has a 1 year low of $4.63 and a 1 year high of $8.20. The stock has a 50-day moving average price of $6.18 and a two-hundred day moving average price of $6.65. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.77 and a quick ratio of 0.77.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded City Developments from a “strong sell” rating to a “buy” rating in a report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

City Developments Company Profile

City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.

The company’s core activities include property development, investment and management.