Spirit Realty Capital Inc (New) (SRC) Releases Earnings Results, Beats Expectations By $0.02 EPS

Spirit Realty Capital Inc (New) (SRC) reported quarterly earnings results on Wednesday, Aug-3-2016. 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 $0.02. Analysts had a consensus of $0.20. The company posted revenue of $171.70 million in the period, compared to analysts expectations of $171.03 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Spirit Realty Capital Inc (New). Company shares were Reiterated by Wunderlich on May 10, 2016 to “Buy”, Firm has raised the Price Target to $ 14 from a previous price target of $12.50 .

Spirit Realty Capital Inc (New) closed down -0.25 points or -1.83% at $13.42 with 80,77,907 shares getting traded on Tusday. Post opening the session at $13.78, the shares hit an intraday low of $13.41 and an intraday high of $13.9 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 1, 2016, Thomas H Jr Nolan (Chief Executive Officer) sold 15,000 shares at $11.48 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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