LTC Properties Inc reports results for the quarter ended in September 30 - Earnings Summary

LTC Properties

29/10/2024 02:31

* LTC Properties Inc  LTC.N  reported quarterly adjusted
earnings
of 66 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 54 cents.  The mean expectation of six analysts
for the quarter was for earnings of 52 cents per share. Wall
Street expected results to range from 43 cents to 61 cents per
share.
    * Revenue rose 13.1% to $55.78 million from a year ago;
analysts
expected $52.14 million. 
    * LTC Properties Inc's reported EPS for the quarter was 66
cents​.
    * The company reported quarterly net income of $29.17
million.
    * LTC Properties Inc shares had fallen by 3.3% this
quarter and
gained 10.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"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 October 29 at
02:31 a.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
 Sep. 30 2024      0.70           0.68           Missed
 Jun. 30 2024      0.66           0.65           Missed
 Mar. 31 2024      0.66           0.69           Beat
 Dec. 31 2023      0.68           0.57           Missed