Brokerages Anticipate Paramount Group, Inc. (PGRE) Will Post Earnings of $0.21 Per Share

Equities analysts expect that Paramount Group, Inc. (NYSE:PGRE) will report $0.21 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Paramount Group’s earnings. The highest EPS estimate is $0.21 and the lowest is $0.20. Paramount Group posted earnings per share of $0.23 during the same quarter last year, which would suggest a negative year over year growth rate of 8.7%. The business is scheduled to report its next earnings results on Thursday, August 3rd.

On average, analysts expect that Paramount Group will report full year earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.83 to $0.86. For the next year, analysts anticipate that the company will report earnings of $0.96 per share, with EPS estimates ranging from $0.94 to $1.02. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Paramount Group.

PGRE has been the subject of several research reports. BidaskClub raised Paramount Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Paramount Group in a report on Thursday, June 22nd. Finally, Morgan Stanley cut Paramount Group from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $17.50 to $15.00 in a report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Paramount Group currently has an average rating of “Hold” and an average target price of $15.50.

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Shares of Paramount Group (NYSE:PGRE) traded up 1.19% during mid-day trading on Monday, hitting $16.19. 794,216 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $15.94 and a 200-day moving average price of $16.40. Paramount Group has a 52 week low of $14.58 and a 52 week high of $18.28. The company’s market capitalization is $3.75 billion.

Paramount Group Company Profile

Paramount Group, Inc is a fully-integrated real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (DC) and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership).

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