Sun Communities, Inc. (NYSE:SUI) is set to announce third quarter earning results on Wednesday 21st October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, SUI to report 3Q20 income of $ 0.55 per share.
For the full year, analysts anticipate top line of $ 921.91 million, while looking forward to income of $ 1.27 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 5.20 ~ $ 5.30 per share
Click Here For More Historical Outlooks Of Sun Communities, Inc.
Previous Quarter Performance
Sun Communities, Inc. recorded income for the second quarter of $ 1.12 per share, from the revenue of $ 210.44 million. The quarterly earnings extended 143.48 percent while revenues dropped 11.86 percent compared with the same quarter last year.
Wall street analysts are predicting, SUI to report 2Q20 income of $ 0.25 per share from revenue of $ 236.84 million. The bottom line results beat street analysts by $ 0.87 or 348.00 percent, at the same time, top line results fell short of analysts by $ 26.4 million or 11.15 percent.
Stock Performance
Shares of Sun Communities, Inc. traded up $ 0.85 or 0.59 percent on Tuesday, reaching $ 145.55 with volume of 279.50 thousand shares. Sun Communities, Inc. has traded high as $ 146.79 and has cracked $ 145.06 on the downward trend
The closing price of $ 145.55, representing a 51.77 % increase from the 52 week low of $ 95.34 and a 16.83 % decrease over the 52 week high of $ 173.98.
The company has a market capital of $ 14.30 billion and is part of the Real Estate sector and REIT – Residential industry.
Recent Analyst recommendations
- On 1st October 2020, initiated by Berenberg Bank at Buy rating, with $ 170.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized 3Q20 dividend of $ 0.79 per share on August 31, 2020. The dividend were payable on October 15, 2020 to holders of record as of the close of business on September 30, 2020 and ex-dividend date on September 29, 2020.
Conference Call
Sun Communities, Inc. will be hosting a conference call at 11:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.suncommunities.com
Sun Communities, Inc. is a REIT that, as of June 30, 2019, owned, operated, or had an interest in a portfolio of 382 communities comprising over 133,000 developed sites in 31 states and Ontario, Canada.
