LTC Properties Inc reports results for the quarter ended in December - Earnings Summary

LTC Properties

15/02/2024 23:32

* LTC Properties Inc  LTC.N  reported quarterly adjusted
earnings
of 67 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 44 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 47 cents per
share. Wall Street expected results to range from 43 cents to 52
cents per share.
    * Revenue rose 44.6% to $50.20 million from a year ago;
analysts
expected $49.69 million. 
    * LTC Properties Inc's reported EPS for the quarter was 67
cents​.
    * The company reported quarterly net income of $28.06
million.
    * LTC Properties Inc shares had fallen by 3.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for LTC Properties
Inc is $34.00 
This summary was machine generated from LSEG data February 15 at
11:31 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.68           0.57           Missed
 Sep. 30 2023      0.64           0.65           Beat
 Jun. 30 2023      0.65           0.66           Beat
 Mar. 31 2023      0.69           0.66           Missed