Corporación Inmobiliaria Vesta (VTMX) Set to Announce Quarterly Earnings on Thursday

Corporación Inmobiliaria Vesta (NYSE:VTMX) will release its earnings data after the market closes on Thursday, April 25th. Analysts expect Corporación Inmobiliaria Vesta to post earnings of $0.50 per share for the quarter. Corporación Inmobiliaria Vesta has set its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Wednesday, February 21st. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.92. Corporación Inmobiliaria Vesta had a return on equity of 16.91% and a net margin of 159.04%. The company had revenue of $55.94 million during the quarter. On average, analysts expect Corporación Inmobiliaria Vesta to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Corporación Inmobiliaria Vesta Stock Up 2.9 %

NYSE VTMX opened at $36.25 on Tuesday. The business’s fifty day simple moving average is $37.15 and its 200-day simple moving average is $36.55. The company has a quick ratio of 4.34, a current ratio of 3.84 and a debt-to-equity ratio of 0.34. The firm has a market cap of $29.63 billion and a PE ratio of 8.13. Corporación Inmobiliaria Vesta has a 52 week low of $28.96 and a 52 week high of $41.44.

Corporación Inmobiliaria Vesta Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 15th were given a dividend of $0.1832 per share. This is a boost from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.14. This represents a $0.73 annualized dividend and a yield of 2.02%. The ex-dividend date was Friday, April 12th. Corporación Inmobiliaria Vesta’s dividend payout ratio (DPR) is presently 3.36%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group increased their price target on shares of Corporación Inmobiliaria Vesta from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, March 22nd.

About Corporación Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, SAB. de C.V., together with its subsidiaries, acquires, develops, manages, operates, and leases industrial buildings and distribution facilities in Mexico. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.