SITE Centers (SITC) Scheduled to Post Quarterly Earnings on Tuesday

SITE Centers (NYSE:SITC - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

SITE Centers (NYSE:SITC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.66. The company had revenue of $123.20 million for the quarter, compared to analysts' expectations of $127.81 million. SITE Centers had a return on equity of 14.00% and a net margin of 49.25%. The firm's revenue was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 earnings per share. On average, analysts expect SITE Centers to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

SITE Centers Price Performance

Shares of NYSE SITC traded up $0.03 during trading on Tuesday, hitting $13.78. The company had a trading volume of 1,378,464 shares, compared to its average volume of 2,066,732. The business's 50-day moving average is $14.02 and its 200 day moving average is $13.43. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.24 and a current ratio of 3.24. SITE Centers has a 52 week low of $10.88 and a 52 week high of $14.71. The company has a market cap of $2.88 billion, a P/E ratio of 11.38 and a beta of 1.58.

SITE Centers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.77%. The ex-dividend date was Wednesday, March 13th. SITE Centers's dividend payout ratio (DPR) is currently 42.98%.

Analysts Set New Price Targets

SITC has been the topic of several recent analyst reports. Wells Fargo & Company reissued an "overweight" rating and set a $15.50 target price on shares of SITE Centers in a research note on Monday, April 1st. Wolfe Research downgraded shares of SITE Centers from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $14.25.

About SITE Centers

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.