Several brokerage firms from Wall Street have predicted that the stocks of AVB would be reporting an EPS of $2.10 for the present quarter. According to quite a few reports, four of the investment analysts covering the firm have already provided estimates into the earnings of the company. The highest range of estimate for AVB has come at $2.15, while the lowest has come in at $2.06. The company did post an EPS of $2.43 for the previous year, which is indicative of a negative annual growth rate of about 13.6%. It is being forecasted that the company will be posting its next quarterly results on the 3rd of February.
The Quarterly Earnings of AVB
Speaking of quarterly reports, AVB did post their previous quarterly report on the 2nd of November. The real estate firm had reported an EPS of $1.05, which missed out on the consensus estimate set by Zacks at $2.16. The company also had a 6.02% return on its equity along with a 27.97% net margin. Just the previous year, the company had posted an EPS of $2.
There have been quite a few firms that have commented on the stocks of AVB. BTIG Research has already increased the price target on the company from a sum of $184 to a sum of $200, which was then issued in a 12th November research report. Morgan Stanley has also increased the price target on the company from $150 to $179, along with a rating of equal weight that was fixed in a research report published on the 20th of November. JPMorgan Chase & Co went the other way and reduced the ratings on AvalonBay Communities from overweight to neutral, along with a price target set at $182.
One investment analyst covering the firm has already given it a rating of sell, while eight of them have issued the stocks of AVB a rating of hold. Also, four other analysts have provided the firm with a rating of buy. Currently, the company has a hold rating with a $171.81 price target.