COPT Defense Properties (NYSE:CDP – Get Free Report) issued an update on its third quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.63-0.65 for the period, compared to the consensus EPS estimate of $0.64. COPT Defense Properties also updated its FY 2024 guidance to 2.540-2.580 EPS.
COPT Defense Properties Stock Performance
Shares of NYSE CDP traded up $0.05 during trading on Wednesday, hitting $29.13. 67,886 shares of the company traded hands, compared to its average volume of 841,793. The business’s fifty day moving average is $25.35 and its 200 day moving average is $24.48. COPT Defense Properties has a fifty-two week low of $22.20 and a fifty-two week high of $29.22. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.66 and a quick ratio of 3.66.
COPT Defense Properties (NYSE:CDP – Get Free Report) last posted its earnings results on Monday, July 29th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.33). COPT Defense Properties had a negative return on equity of 7.53% and a negative net margin of 15.75%. The business had revenue of $187.34 million during the quarter, compared to analyst estimates of $166.11 million. During the same quarter in the prior year, the company earned $0.60 EPS. The company’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts forecast that COPT Defense Properties will post 2.55 EPS for the current year.
COPT Defense Properties Dividend Announcement
Wall Street Analysts Forecast Growth
Separately, Wedbush reaffirmed an outperform rating and issued a $28.00 price objective (up from $27.00) on shares of COPT Defense Properties in a research report on Monday, April 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $27.00.
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.
Further Reading
- Five stocks we like better than COPT Defense Properties
- Technology Stocks Explained: Here’s What to Know About Tech
- Joby Aviation Stock: The Case for Upside Just Got Stronger
- Insider Trades May Not Tell You What You Think
- Conviction Firms for Microsoft’s Double-Digit Stock Upside
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- 5 Aggressive Growth Stocks for Long-Term Investors
Receive News & Ratings for COPT Defense Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for COPT Defense Properties and related companies with MarketBeat.com's FREE daily email newsletter.