Farmland Partners Inc. (NYSE:FPI) is reporting second quarter earnings results on Monday 10th August 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.09 per share.
For the full year, analysts predict revenues of $ 54.54 million, while looking forward to loss of $ 0.04 per share.
Previous Quarter Performance
Farmland Partners Inc. posted loss for the first quarter of $ 0.01 per share, from the revenue of $ 11.65 million. The quarterly earnings shrunk 56.25 percent while revenues compared with the same quarter last year.
Wall street analysts are predicting revenue of $ 10.84 million The bottom line results street analysts by $ 0.01 or , at the same time, top line results outshined analysts by $ 0.81 million or 7.47 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of FPI was $ 6.95, representing a 37.62 % increase from the 52 week low of $ 5.05 and a 7.33 % decrease over the 52 week high of $ 7.50.
The company has a market capital of $ 352.80 million and is part of the Real Estate sector and REIT – Diversified industry.
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Recent Stock Dividend Announcement
On May 7, 2020, the board of directors authorized quarterly dividend of $ 0.05 per share to holders of record as of the close of business on July 1, 2020, with payment date of July 15, 2020 and ex-dividend date on June 30, 2020.
Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of the date of this release, the Company owns approximately 162,000 acres in 17 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, Texas and Virginia.
