American Homes 4 Rent AMH.N reported quarterly adjusted earnings of 28 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of ten analysts for the quarter was for earnings of 15 cents per share. Wall Street expected results to range from 9 cents to 21 cents per share.
Revenue rose 8% to $457.50 million from a year ago; analysts expected $447.10 million.
American Homes 4 Rent's reported EPS for the quarter was 28 cents.
The company reported quarterly net income of $105.55 million.
American Homes 4 Rent shares had fallen by 2.3% this quarter and lost 5.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 0.6% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the residential reits peer group is also "buy"
Wall Street's median 12-month price target for American Homes 4 Rent is $41.00, about 15.4% above its last closing price of $34.69
This summary was machine generated from LSEG data July 31 at 09:51 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)