Farmland Partners (FPI) Scheduled to Post Quarterly Earnings on Wednesday

Farmland Partners (NYSE:FPI) is set to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Farmland Partners to post earnings of $0.01 per share for the quarter.

Farmland Partners (NYSE:FPI) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The firm had revenue of $11.45 million for the quarter, compared to analysts’ expectations of $11.84 million. Farmland Partners had a net margin of 36.89% and a return on equity of 3.97%. During the same quarter last year, the firm earned ($0.02) earnings per share. On average, analysts expect Farmland Partners to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Farmland Partners Price Performance

FPI opened at $11.19 on Friday. The company has a fifty day moving average price of $10.46 and a 200-day moving average price of $10.80. The firm has a market capitalization of $538.75 million, a P/E ratio of 21.93 and a beta of 0.70. Farmland Partners has a one year low of $9.70 and a one year high of $13.12.

Insider Activity

In other news, Director John A. Good purchased 24,000 shares of Farmland Partners stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average cost of $10.15 per share, for a total transaction of $243,600.00. Following the transaction, the director now directly owns 86,465 shares of the company’s stock, valued at approximately $877,619.75. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 8.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th.

Farmland Partners Company Profile

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.