Brokers Offer Predictions for Artis REIT’s FY2019 Earnings (TSE:AX) - Mitchell Messenger

Brokers Offer Predictions for Artis REIT’s FY2019 Earnings (TSE:AX) - Mitchell Messenger

Artis REIT (TSE:AX) – Investment analysts at Raymond James boosted their FY2019 earnings per share (EPS) estimates for Artis REIT in a research report issued to clients and investors on Tuesday, November 5th, according to Zacks Investment Research. Raymond James analyst J. Rodrigues now anticipates that the company will post earnings per share of $1.38 for the year, up from their prior estimate of $1.36. Raymond James also issued estimates for Artis REIT’s Q3 2020 earnings at $0.34 EPS, Q4 2020 earnings at $0.34 EPS, FY2020 earnings at $1.34 EPS and FY2021 earnings at $1.43 EPS.

Artis REIT (TSE:AX) last issued its quarterly earnings results on Monday, November 4th. The company reported C$0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.35 by C($0.07). The business had revenue of C$127.01 million during the quarter.

Artis REIT has a 1-year low of C$12.82 and a 1-year high of C$14.42.

Artis REIT Company Profile

Artis Real Estate Investment Trust (Artis) is an unincorporated closed-end real estate investment trust (REIT). The Company’s objective is to provide stable, reliable and tax efficient monthly cash distributions, as well as long-term appreciation in the value of Artis’ units. Its segments include Western Canada, which comprises British Columbia and Alberta; Central Canada, which comprises Saskatchewan and Manitoba, and Eastern Canada, which comprises Ontario.

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2019-11-15 13:50:21Z
https://mitchellmessenger.com/2019/11/15/artis-reit-to-post-fy2019-earnings-of-1-38-per-share-raymond-james-forecasts-tseax-updated.html

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