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

LTC Properties

27/04/2023 23:42

* LTC Properties Inc  LTC.N  reported quarterly adjusted
earnings
of 80 cents​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
49 cents per share.
    * Revenue rose 63.2% to $49.50 million from a year ago;
analysts
expected $39.43 million. 
    * LTC Properties Inc's reported EPS for the quarter was 80
cents​.
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * LTC Properties Inc shares had fallen by 4.5% this
quarter and
lost 5.5% so far this year.
    * The company reported quarterly net income of $32.93
million.
    * Wall Street's median 12-month price target for LTC
Properties
Inc is $37.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 27 at 10:42 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.69           0.66           Missed
 Dec. 31 2022      0.70           0.72           Beat
 Sep. 30 2022      0.65           0.60           Missed
 Jun. 30 2022      0.62           0.62           Met