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

LTC Properties

27/10/2023 03:31

* LTC Properties Inc  LTC.N  reported quarterly adjusted
earnings
of 54 cents​​ per share for the quarter ended in September. The
mean expectation of seven analysts for the quarter was
for earnings of 46 cents per share.
    * Revenue rose 0% to $31.59 million from a year ago;
analysts
expected $47.98 million. 
    * LTC Properties Inc's reported EPS for the quarter was 54
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.4%
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 fallen by 2.8% this
quarter and
lost 12.1% so far this year.
    * The company reported quarterly net income of $22.05
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 2 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 27 at 02:31 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.70           0.72           Beat