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

LTC Properties

28/07/2023 04:09

* LTC Properties Inc  LTC.N  reported quarterly adjusted
earnings
of 15 cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
42 cents per share.
    * Revenue fell 59.3% to $12.88 million from a year ago;
analysts
expected $47.26 million. 
    * LTC Properties Inc's reported EPS for the quarter was 15
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * LTC Properties Inc shares had risen by 7.5% this
quarter and
lost 0.1% so far this year.
    * The company reported quarterly net income of $6.03
million.
    * Wall Street's median 12-month price target for LTC
Properties
Inc is $34.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
28 at 03:09 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.64           0.66           Beat
 Mar. 31 2023      0.69           0.66           Missed
 Dec. 31 2022      0.70           0.72           Beat
 Sep. 30 2022      0.65           0.60           Missed