Tanger (NYSE:SKT) Issues FY 2025 Earnings Guidance

Tanger (NYSE:SKT) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.220-2.300 for the period, compared to the consensus EPS estimate of 2.230. The company issued revenue guidance of -.

Tanger Stock Performance

Tanger stock traded down $0.06 on Wednesday, hitting $34.65. The company’s stock had a trading volume of 704,587 shares, compared to its average volume of 684,539. Tanger has a one year low of $25.94 and a one year high of $37.57. The firm has a market cap of $3.84 billion, a P/E ratio of 40.29, a price-to-earnings-growth ratio of 2.84 and a beta of 1.91. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 2.40. The company has a fifty day moving average price of $33.79 and a 200-day moving average price of $33.09.

Tanger (NYSE:SKT) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Tanger had a net margin of 18.55% and a return on equity of 16.25%. On average, equities analysts anticipate that Tanger will post 2.11 earnings per share for the current year.

Tanger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.17%. The ex-dividend date was Friday, January 31st. Tanger’s dividend payout ratio is 127.91%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on Tanger in a report on Tuesday, December 17th. They set a “hold” rating and a $37.00 price objective for the company. Compass Point lifted their price target on shares of Tanger from $34.00 to $36.00 and gave the company a “buy” rating in a report on Friday, October 25th. Citigroup upped their price objective on shares of Tanger from $34.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group raised their price objective on shares of Tanger from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, BMO Capital Markets started coverage on Tanger in a report on Tuesday, January 28th. They issued a “market perform” rating and a $36.00 target price on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Tanger has a consensus rating of “Hold” and an average target price of $36.00.

Tanger Company Profile

Tanger Inc (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger’s portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S.