Consolidated-Tomoka Land Co. (AMEX:CTO) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, CTO is expected to report 3Q20 loss of $ 0.01 per share from revenue of $ 13.30 million.
For the full year, analysts anticipate top line of $ 53.68 million, while looking forward to income of $ 18.05 per share bottom line.
Previous Quarter Performance
Consolidated-Tomoka Land Co. unfold income for the second quarter of $ 1.41 per share, from the revenue of $ 13.01 million. Wall street analysts are predicting, CTO to report 2Q20 income of $ 3.17 per share from revenue of $ 13.59 million. The bottom line results missed street analysts by $ 1.76 or 55.52 percent, at the same time, top line results fell short of analysts by $ 0.58 million or 4.27 percent.
Stock Performance
Shares of Consolidated-Tomoka Land Co. traded low $ -1.24 or -2.86 percent on Tuesday, reaching $ 42.08 with volume of 34.10 thousand shares. Consolidated-Tomoka Land Co. has traded high as $ 43.28 and has cracked $ 40.81 on the downward trend
According to the previous trading day, closing price of $ 42.08, representing a 29.66 % increase from the 52 week low of $ 33.41 and a 35.96 % decrease over the 52 week high of $ 67.64.
The company has a market capital of $ 198.41 million and is part of the Real Estate sector and Real Estate – General industry.
Recent Analyst recommendations
- On 14th October 2020, initiated by Janney Capital at Buy rating.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.40 per share to holders of record as of the close of business on August 17, 2020, with payment date of August 31, 2020 and ex-dividend date on August 14, 2020.
Consolidated-Tomoka Land Co., together with its subsidiaries, operates as a diversified real estate operating company in the United States. The company operates through four segments: Income Properties, Commercial Loan Investments, Real Estate Operations, and Golf Operations. It owns and manages commercial real estate properties.
