Sun Communities, Inc. (NYSE:SUI) is reporting second quarter financial results on Wednesday 22nd July 2020, after market close.
According to analysts surveyed by Thomson Reuters, SUI is expected to report 2Q20 income of $ 0.25 per share from revenue of $ 236.84 million.
For the full year, analysts anticipate top line of $ 1027.85 million, while looking forward to income of $ 1.19 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 5.20 ~ $ 5.30 per share
Click Here For More Historical Outlooks Of Sun Communities, Inc.
Previous Quarter Performance
Sun Communities, Inc. came out with income for the first quarter of $ 1.22 per share, from the revenue of $ 212.53 million. The quarterly earnings enlarged 205.00 percent while revenues dropped 26.03 percent compared with the same quarter last year. According to street consensus, revenue of $ 257.70 million was expected for the first quarter The top line results fell short of analysts by $ 45.17 million or 17.53 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Sun Communities, Inc.
Stock Performance
According to the previous trading day, closing price of SUI was $ 136.80, representing a 43.49 % increase from the 52 week low of $ 95.34 and a 21.37 % decrease over the 52 week high of $ 173.98.
The company has a market capital of $ 13.45 billion and is part of the Real Estate sector and REIT – Residential industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.79 per share on June 1, 2020. The dividend were payable on July 15, 2020 to holders of record as of the close of business on June 30, 2020 and ex-dividend date on June 29, 2020.
Sun Communities, Inc. is a REIT that, as of June 30, 2019, owned, operated, or had an interest in a portfolio of 382 communities comprising over 133,000 developed sites in 31 states and Ontario, Canada.
