Q1 2019 EPS Estimates for Consolidated-Tomoka Land Co. (CTO) Lowered by B. Riley

Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) – Stock analysts at B. Riley decreased their Q1 2019 EPS estimates for Consolidated-Tomoka Land in a report released on Tuesday, Zacks Investment Research reports. B. Riley analyst D. Corak now expects that the financial services provider will post earnings per share of $0.70 for the quarter, down from their previous forecast of $0.71. B. Riley currently has a “Buy” rating and a $82.00 target price on the stock. B. Riley also issued estimates for Consolidated-Tomoka Land’s Q2 2019 earnings at $1.51 EPS, Q3 2019 earnings at $1.61 EPS and Q4 2019 earnings at $1.49 EPS.

Several other equities analysts have also recently issued reports on CTO. Zacks Investment Research cut Consolidated-Tomoka Land from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. FBR & Co reaffirmed a “buy” rating on shares of Consolidated-Tomoka Land in a report on Thursday, October 19th. Finally, BidaskClub raised Consolidated-Tomoka Land from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 26th.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) traded up $0.23 on Wednesday, hitting $67.23. The stock had a trading volume of 5,032 shares, compared to its average volume of 16,036. The firm has a market cap of $374.31, a PE ratio of 16.77 and a beta of 1.14. Consolidated-Tomoka Land has a 1-year low of $49.73 and a 1-year high of $67.58.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). The business had revenue of $12.38 million during the quarter, compared to analyst estimates of $15.03 million. Consolidated-Tomoka Land had a net margin of 7.81% and a return on equity of 2.43%.

In other Consolidated-Tomoka Land news, CEO John P. Albright sold 1,453 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $62.87, for a total transaction of $91,350.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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Consolidated-Tomoka Land Company Profile

Consolidated-Tomoka Land Co is a real estate operating company. As of December 31, 2016, the Company owned and managed 31 commercial real estate properties in 10 states in the United States. Its segments include Income Properties, Commercial Loan Investments, Real Estate Operations, Golf Operations, and Agriculture and Other.

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Earnings History and Estimates for Consolidated-Tomoka Land (NYSEAMERICAN:CTO)

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