Care Capital Properties, Inc. (NYSE:CCP) Set to Announce Earnings on Wednesday
Care Capital Properties, Inc. (NYSE:CCP) is set to release its Q2 2017 earnings data before the market opens on Wednesday, August 9th. Analysts expect Care Capital Properties to post earnings of $0.40 per share for the quarter.
Care Capital Properties (NYSE:CCP) last posted its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.26. The firm had revenue of $82.80 million for the quarter, compared to the consensus estimate of $83.32 million. Care Capital Properties had a return on equity of 13.48% and a net margin of 45.61%. The company’s revenue was down 2.0% on a year-over-year basis. On average, analysts expect Care Capital Properties to post $2.93 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Care Capital Properties, Inc. (NYSE:CCP) opened at 24.95 on Monday. The firm’s 50-day moving average price is $26.01 and its 200 day moving average price is $26.06. Care Capital Properties, Inc. has a 12-month low of $22.70 and a 12-month high of $31.56. The firm has a market cap of $2.10 billion, a P/E ratio of 13.28 and a beta of 0.38.
CCP has been the topic of a number of recent analyst reports. JMP Securities upgraded Care Capital Properties from an “underperform” rating to a “market perform” rating in a report on Monday, May 8th. Zacks Investment Research upgraded Care Capital Properties from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. BidaskClub upgraded Care Capital Properties from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Hilliard Lyons cut Care Capital Properties from a “buy” rating to a “neutral” rating in a report on Monday, May 8th. Finally, Mizuho restated a “neutral” rating on shares of Care Capital Properties in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Care Capital Properties currently has a consensus rating of “Hold” and an average price target of $26.00.
About Care Capital Properties
Care Capital Properties, Inc is a self-administered, self-managed real estate investment trust with a diversified portfolio of skilled nursing facilities (SNFs) and other healthcare assets operated by private regional and local care providers. The Company leases its properties to unaffiliated tenants under long-term triple-net leases, pursuant to which the tenants are obligated to pay all property-related expenses, including maintenance, utilities, repairs and taxes.
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