Extra Space Storage Inc (NYSE:EXR) is reporting second quarter earnings results on Tuesday 4th August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.73 per share.
For the full year, analysts predict revenues of $ 1162.80 million, while looking forward to income of $ 3.07 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 4.99 ~ $ 5.08 per share
Click Here For More Historical Outlooks Of Extra Space Storage Inc
Previous Quarter Performance
Extra Space Storage Inc disclosed income for the first quarter of $ 1.24 per share, from the revenue of $ 286.70 million. The quarterly earnings surged 74.65 percent while revenues boosted 5.79 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.76 per share from $ 293.01 million in revenue. The bottom line results beat street analysts by $ 0.48 or 63.16 percent, at the same time, top line results fell short of analysts by $ 6.31 million or 2.15 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Extra Space Storage Inc
Stock Performance
According to the previous trading day, closing price of EXR was $ 101.92, representing a 40.19 % increase from the 52 week low of $ 72.70 and a 18.11 % decrease over the 52 week high of $ 124.46.
The company has a market capital of $ 12.98 billion and is part of the Real Estate sector and REIT – Industrial industry.
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Recent Analyst recommendations
- On 8th July 2020, maintained by Morgan Stanley at Underweight rating, with $ 83.00 target price.
- On 30th June 2020, maintained by Citigroup at Buy rating, with $ 105.00 target price.
- On 22nd June 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 100.00 target price.
- On 15th June 2020, upgraded by Evercore ISI to In-Line from Underperform rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.90 per share on May 15, 2020. The dividend were payable on June 30, 2020 to holders of record as of the close of business on June 15, 2020 and ex-dividend date on June 12, 2020.
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of June 30, 2019, the Company owned and/or operated 1,752 self-storage stores in 40 states, Washington, D.C. and Puerto Rico.
