Spirit Realty Capital Inc (New) (SRC) Releases Earnings Results, Beats Expectations By $0.01 EPS

Spirit Realty Capital Inc (New) (SRC) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.22 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.21. The company posted revenue of $168.40 million in the period, compared to analysts expectations of $167.02 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Spirit Realty Capital Inc (New). Spirit Realty Capital Inc (New) was Downgraded by Raymond James to ” Mkt Perform” on Feb 29, 2016.

Spirit Realty Capital Inc (New) opened for trading at $11.51 and hit $11.74 on the upside on Monday, eventually ending the session at $11.68, with a gain of 2.19% or 0.25 points. The heightened volatility saw the trading volume jump to 98,96,265 shares. Company has a market cap of $5,160 M.

In a different news, on Mar 4, 2016, Thomas H Jr Nolan (Chief Executive Officer) sold 12,500 shares at $10.65 per share price. According to the SEC, on Sep 17, 2015, Gregg A Seibert (CIO and EVP – Acquisitions) purchased 4,300 shares at $9.26 per share price. On Sep 2, 2015, Phillip D Jr Joseph (CFO) purchased 3,553 shares at $9.40 per share price, according to the Form-4 filing with the securities and exchange commission.

Spirit Realty Capital Inc (New)

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