Brokerages expect Corenergy Infrastructure Trust Inc (NYSE:CORR) to announce $22.20 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Corenergy Infrastructure Trust’s earnings. The lowest sales estimate is $22.12 million and the highest is $22.28 million. Corenergy Infrastructure Trust posted sales of $22.44 million in the same quarter last year, which would indicate a negative year over year growth rate of 1.1%. The business is expected to report its next earnings results on Wednesday, November 7th.
According to Zacks, analysts expect that Corenergy Infrastructure Trust will report full year sales of $88.06 million for the current fiscal year, with estimates ranging from $87.86 million to $88.25 million. For the next fiscal year, analysts forecast that the business will post sales of $89.70 million, with estimates ranging from $87.25 million to $92.15 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Corenergy Infrastructure Trust.
Corenergy Infrastructure Trust (NYSE:CORR) last issued its quarterly earnings data on Wednesday, August 1st. The asset manager reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.54). Corenergy Infrastructure Trust had a return on equity of 9.32% and a net margin of 35.52%. The company had revenue of $22.15 million for the quarter, compared to analyst estimates of $22.05 million.
Shares of NYSE:CORR opened at $36.03 on Friday. Corenergy Infrastructure Trust has a 12 month low of $34.22 and a 12 month high of $39.46. The company has a current ratio of 5.92, a quick ratio of 5.92 and a debt-to-equity ratio of 0.47. The firm has a market cap of $448.50 million, a P/E ratio of 9.46, a P/E/G ratio of 2.00 and a beta of 1.80.
Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in shares of Corenergy Infrastructure Trust by 15.6% during the second quarter. Renaissance Technologies LLC now owns 867,900 shares of the asset manager’s stock worth $32,633,000 after acquiring an additional 116,971 shares during the period. LSV Asset Management grew its position in Corenergy Infrastructure Trust by 3.6% in the second quarter. LSV Asset Management now owns 656,349 shares of the asset manager’s stock valued at $24,678,000 after purchasing an additional 22,709 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Corenergy Infrastructure Trust by 24.2% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 200,875 shares of the asset manager’s stock valued at $7,553,000 after purchasing an additional 39,195 shares in the last quarter. Bank of New York Mellon Corp grew its position in Corenergy Infrastructure Trust by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 121,529 shares of the asset manager’s stock valued at $4,569,000 after purchasing an additional 3,266 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in Corenergy Infrastructure Trust by 3.3% in the second quarter. D.A. Davidson & CO. now owns 97,153 shares of the asset manager’s stock valued at $3,653,000 after purchasing an additional 3,076 shares in the last quarter. Institutional investors and hedge funds own 63.91% of the company’s stock.
Corenergy Infrastructure Trust Company Profile
CorEnergy Infrastructure Trust, Inc (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns essential energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We receive long-term contracted revenue from operators of our assets, primarily under triple-net participating leases.
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