FY2020 Earnings Estimate for City Developments Limited (OTCMKTS:CDEVY) Issued By Jefferies Financial Group

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City Developments Limited (OTCMKTS:CDEVY) – Investment analysts at Jefferies Financial Group lowered their FY2020 EPS estimates for City Developments in a note issued to investors on Sunday, August 11th. Jefferies Financial Group analyst K. Guha now expects that the company will earn $0.44 per share for the year, down from their prior forecast of $0.48. Jefferies Financial Group also issued estimates for City Developments’ FY2021 earnings at $0.50 EPS.

OTCMKTS:CDEVY opened at $6.35 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.47 and a current ratio of 1.47. The company has a fifty day moving average of $6.83 and a two-hundred day moving average of $6.66. The stock has a market capitalization of $5.82 billion, a PE ratio of 14.76 and a beta of 1.13. City Developments has a fifty-two week low of $5.55 and a fifty-two week high of $7.19.

City Developments (OTCMKTS:CDEVY) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.16 earnings per share for the quarter. The company had revenue of $550.71 million during the quarter. City Developments had a net margin of 17.72% and a return on equity of 4.84%.

About City Developments

City Developments Limited (CDL) is a leading global real estate operating company with a network spanning 100 locations in 28 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, integrated developments and shopping malls.

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Earnings History and Estimates for City Developments (OTCMKTS:CDEVY)

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