Todays Report: The Analysts Set Expectations for Paramount Group Inc’s Q4 2016 Earnings (PGRE)

The Analysts Set Expectations for Paramount Group Inc’s Q4 2016 Earnings (PGRE)

Paramount Group Inc (NASDAQ:PGRE) – Capital One Financial Corp. cut their Q4 2016 earnings per share estimates for shares of Paramount Group in a research note issued to investors on Tuesday. Capital One Financial Corp. analyst T. Lesnick now expects that the firm will post earnings of $0.20 per share for the quarter, down from their previous forecast of $0.22. Capital One Financial Corp. also issued estimates for Paramount Group’s Q2 2017 earnings at $0.22 EPS, Q3 2017 earnings at $0.23 EPS, Q4 2017 earnings at $0.23 EPS and FY2017 earnings at $0.90 EPS.

Paramount Group (NASDAQ:PGRE) last announced its earnings results on Thursday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $172.30 million for the quarter, compared to the consensus estimate of $159.90 million. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 EPS.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank AG raised their target price on Paramount Group from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, July 18th. BTIG Research began coverage on Paramount Group in a report on Thursday, August 25th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded Paramount Group from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Wednesday, October 5th.

Shares of Paramount Group (NASDAQ:PGRE) traded down 0.13% during midday trading on Friday, reaching $15.83. The company’s stock had a trading volume of 354,448 shares. Paramount Group has a 12 month low of $14.23 and a 12 month high of $18.56. The firm has a market cap of $3.47 billion and a price-to-earnings ratio of 527.67. The company has a 50-day moving average price of $16.94 and a 200-day moving average price of $16.65.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Wednesday, September 28th.

Paramount Group Company Profile

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