Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) – B. Riley dropped their Q2 2018 earnings estimates for shares of Consolidated-Tomoka Land in a report released on Thursday, April 19th. B. Riley analyst C. Kucera now expects that the financial services provider will post earnings of $1.18 per share for the quarter, down from their previous estimate of $1.58. B. Riley currently has a “Buy” rating and a $82.00 price target on the stock. B. Riley also issued estimates for Consolidated-Tomoka Land’s Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $4.76 EPS, FY2018 earnings at $7.74 EPS, Q1 2019 earnings at $2.21 EPS and Q4 2019 earnings at $3.21 EPS.
Separately, Zacks Investment Research upgraded shares of Consolidated-Tomoka Land from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Monday, January 8th.
Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.13). Consolidated-Tomoka Land had a return on equity of 4.97% and a net margin of 12.17%. The company had revenue of $17.48 million for the quarter, compared to analysts’ expectations of $16.16 million.
A number of large investors have recently modified their holdings of CTO. BlackRock Inc. lifted its position in Consolidated-Tomoka Land by 0.4% during the fourth quarter. BlackRock Inc. now owns 328,743 shares of the financial services provider’s stock valued at $20,875,000 after purchasing an additional 1,375 shares during the last quarter. Wells Fargo & Company MN lifted its position in Consolidated-Tomoka Land by 4.5% during the fourth quarter. Wells Fargo & Company MN now owns 59,251 shares of the financial services provider’s stock valued at $3,762,000 after purchasing an additional 2,552 shares during the last quarter. Renaissance Technologies LLC lifted its position in Consolidated-Tomoka Land by 33.1% during the fourth quarter. Renaissance Technologies LLC now owns 45,400 shares of the financial services provider’s stock valued at $2,883,000 after purchasing an additional 11,300 shares during the last quarter. Mraz Amerine & Associates Inc. lifted its position in Consolidated-Tomoka Land by 25.6% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 43,420 shares of the financial services provider’s stock valued at $2,247,000 after purchasing an additional 8,845 shares during the last quarter. Finally, Boston Partners bought a new stake in Consolidated-Tomoka Land during the fourth quarter valued at approximately $1,112,000.
Consolidated-Tomoka Land Company Profile
Consolidated-Tomoka Land Co, together with its subsidiaries, operates as a diversified real estate operating company in the United States. The company operates through four segments: Income Properties, Commercial Loan Investments, Real Estate Operations, and Golf Operations. It owns and manages commercial real estate properties.
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