COPT Defense Properties (NYSE:CDP – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of 0.630-0.650 for the period, compared to the consensus EPS estimate of 0.640. The company issued revenue guidance of -. COPT Defense Properties also updated its FY 2024 guidance to 2.540-2.580 EPS.
COPT Defense Properties Stock Up 2.1 %
Shares of COPT Defense Properties stock traded up $0.59 on Tuesday, hitting $28.86. 196,030 shares of the company traded hands, compared to its average volume of 841,839. The company has a 50-day moving average price of $25.26 and a 200 day moving average price of $24.46. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 1.58. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $29.10. The company has a market cap of $3.25 billion, a PE ratio of -26.17, a PEG ratio of 2.70 and a beta of 0.98.
COPT Defense Properties (NYSE:CDP – Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.33). The business 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 16.83%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. Sell-side analysts predict that COPT Defense Properties will post 2.55 earnings per share for the current year.
COPT Defense Properties Dividend Announcement
Wall Street Analyst Weigh In
Separately, Wedbush reiterated an outperform rating and issued a $28.00 price objective (up from $27.00) on shares of COPT Defense Properties in a report on Monday, April 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, COPT Defense Properties has an average rating of Moderate Buy and a consensus price target of $27.00.
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About COPT Defense Properties
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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