American Campus Communities Inc (NYSE:ACC) is reporting second quarter financial results on Monday 20th July 2020, after market close.
According to analysts surveyed by Thomson Reuters, ACC is expected to report 2Q20 loss of $ 0.05 per share from revenue of $ 194.43 million.
For the full year, analysts anticipate top line of $ 878.77 million, while looking forward to income of $ 0.58 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.41 ~ $ 2.51 per share
Click Here For More Historical Outlooks Of American Campus Communities Inc
Previous Quarter Performance
American Campus Communities Inc came out with income for the first quarter of $ 0.70 per share, from the revenue of $ 249.40 million. The quarterly earnings gained 233.33 percent while revenues up 10.12 percent compared with the same quarter last year.
Street analysts expected American Campus Communities Inc to report income of $ 0.23 per share on revenue of $ 232.13 million for the first quarter. The bottom line results beat street analysts by $ 0.47 or 204.35 percent, at the same time, top line results outshined analysts by $ 17.27 million or 7.44 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ACC was $ 34.18, representing a 69.80 % increase from the 52 week low of $ 20.13 and a 32.9 % decrease over the 52 week high of $ 50.94.
The company has a market capital of $ 4.70 billion and is part of the Real Estate sector and REIT – Residential industry.
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Recent Stock Dividend Announcement
On April 29, 2020, the board of directors authorized quarterly dividend of $ 0.47 per share to holders of record as of the close of business on May 11, 2020, with payment date of May 22, 2020 and ex-dividend date on May 8, 2020.
American Campus Communities, Inc. is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.
