COPT Defense Properties (NYSE:CDP – Get Free Report) updated its third quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.63-0.65 for the period, compared to the consensus earnings per share estimate of $0.64. COPT Defense Properties also updated its FY 2024 guidance to 2.540-2.580 EPS.
COPT Defense Properties Stock Performance
Shares of NYSE CDP traded up $0.05 during mid-day trading on Wednesday, hitting $29.13. The company had a trading volume of 67,886 shares, compared to its average volume of 841,793. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $29.22. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 1.58. The firm’s 50 day simple moving average is $25.35 and its two-hundred day simple moving average is $24.48.
COPT Defense Properties (NYSE:CDP – Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.33). The company had revenue of $187.34 million during the quarter, compared to the consensus estimate of $166.11 million. COPT Defense Properties had a negative return on equity of 7.53% and a negative net margin of 15.75%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. As a group, research analysts anticipate that COPT Defense Properties will post 2.55 earnings per share for the current fiscal year.
COPT Defense Properties Dividend Announcement
Analysts Set New Price Targets
Separately, Wedbush reissued an outperform rating and issued a $28.00 price target (up previously from $27.00) on shares of COPT Defense Properties in a report on Monday, April 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, COPT Defense Properties has an average rating of Moderate Buy and a consensus target price of $27.00.
Read Our Latest Analysis on COPT Defense Properties
COPT Defense Properties Company Profile
COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.
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