STORE Capital (NYSE:STOR) Issues FY 2021 Earnings Guidance

STORE Capital (NYSE:STOR) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided EPS guidance of $1.980-$2.000 for the period. The company issued revenue guidance of -.STORE Capital also updated its FY 2022 guidance to $2.150-$2.200 EPS.

STOR stock traded up $0.53 during midday trading on Thursday, reaching $34.26. The company had a trading volume of 1,402,906 shares, compared to its average volume of 1,414,786. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.44 and a quick ratio of 0.58. STORE Capital has a 1 year low of $30.02 and a 1 year high of $37.13. The company has a market capitalization of $9.34 billion, a P/E ratio of 36.84 and a beta of 1.21. The firm has a 50-day moving average price of $33.96 and a 200-day moving average price of $34.85.

STORE Capital (NYSE:STOR) last released its quarterly earnings results on Thursday, November 4th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.21). STORE Capital had a return on equity of 4.71% and a net margin of 33.24%. The company had revenue of $199.13 million during the quarter, compared to analysts’ expectations of $199.33 million. During the same period in the prior year, the firm earned $0.46 EPS. STORE Capital’s quarterly revenue was up 13.6% on a year-over-year basis. On average, equities analysts predict that STORE Capital will post 1.88 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 15th. Shareholders of record on Thursday, September 30th were paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend was Wednesday, September 29th. This is a boost from STORE Capital’s previous quarterly dividend of $0.36. STORE Capital’s payout ratio is currently 165.59%.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of STORE Capital in a research note on Thursday, August 5th. They issued a hold rating and a $33.00 price objective for the company. Raymond James cut shares of STORE Capital from an outperform rating to a market perform rating in a research note on Wednesday, August 18th. Zacks Investment Research raised shares of STORE Capital from a hold rating to a buy rating and set a $38.00 price objective for the company in a research note on Thursday. Finally, Mizuho upped their price objective on shares of STORE Capital from $36.00 to $37.00 and gave the company a neutral rating in a research note on Tuesday, August 24th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $35.90.

In other STORE Capital news, Director Joseph M. Donovan sold 5,000 shares of the stock in a transaction on Friday, August 27th. The shares were sold at an average price of $35.92, for a total transaction of $179,600.00. Following the completion of the sale, the director now owns 80,581 shares of the company’s stock, valued at approximately $2,894,469.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.88% of the company’s stock.

STORE Capital Company Profile

STORE Capital Corp. operates as an internally managed net-lease real estate investment trust. The firm engages in the acquisition, investment, management, and ownership of single tenant operational real estate properties. The company was founded by Mary Fedewa, Morton H. Fleischer, Christopher H. Volk, Catherine Long, Michael J.

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Earnings History and Estimates for STORE Capital (NYSE:STOR)

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