Washington Prime Group Inc. (NYSE:WPG) to Release Earnings on Wednesday

Washington Prime Group Inc. (NYSE:WPG) is scheduled to post its quarterly earnings results after the market closes on Wednesday, July 26th. Analysts expect Washington Prime Group to post earnings of $0.66 per share for the quarter. Washington Prime Group has set its Q2 guidance at $0.40 – $0.42 EPS and its FY17 guidance at $1.64 – $1.70 EPS.

Washington Prime Group (NYSE:WPG) last released its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The firm had revenue of $202.39 million for the quarter, compared to analysts’ expectations of $198.72 million. Washington Prime Group had a return on equity of 6.36% and a net margin of 8.13%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. On average, analysts expect Washington Prime Group to post $1.67 EPS for the current fiscal year and $1.71 EPS for the next fiscal year.

Shares of Washington Prime Group Inc. (WPG) opened at 9.12 on Monday. Washington Prime Group Inc. has a 1-year low of $7.31 and a 1-year high of $14.15. The company has a market cap of $1.69 billion, a PE ratio of 31.45 and a beta of 0.92. The firm has a 50-day moving average price of $8.30 and a 200 day moving average price of $8.81.

In related news, CEO Louis G. Conforti purchased 12,125 shares of the firm’s stock in a transaction dated Friday, May 5th. The stock was purchased at an average price of $8.25 per share, with a total value of $100,031.25. Following the completion of the purchase, the chief executive officer now owns 40,825 shares of the company’s stock, valued at approximately $336,806.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.28% of the stock is owned by company insiders.

Several analysts have issued reports on the stock. BidaskClub raised shares of Washington Prime Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. ValuEngine downgraded shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Finally, Zacks Investment Research downgraded shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th.

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About Washington Prime Group

Washington Prime Group Inc (WPG Inc), formerly WP Glimcher Inc, operates as a self-administered and self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, development and management of retail real estate within the United States. The Company owns, develops and manages enclosed retail properties and community centers.