With 0.93 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.56 million shares. The 52-week range on ELS shows that it touched its highest point at $76.54 and its lowest point at $58.86 during that stretch. It currently has a 1-year price target of $73.54. With its current market cap of 12.78 billion, ELS has annualized dividend of $1.86 while the current yield stands at 2.92%. Beta for the stock currently stands at 0.74.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ELS was up-trending over the past week, with a rise of 0.14%, but this was down by -2.55% over a month. Three-month performance dropped to -4.63% while six-month performance fell -11.95%. The stock gained 2.32% in the past year, while it has lost -4.17% so far this year. A look at the trailing 12-month EPS for ELS yields 1.87 with Next year EPS estimates of 2.12. For the next quarter, that number is 0.42. This implies an EPS growth rate of 1.07% for this year and 7.12% for next year. EPS is expected to grow by 5.46% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.89%.
Float and Shares Shorts:
At present, 191.14 million ELS shares are outstanding with a float of 183.77 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ELS since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.96173 being high and $1.88317 being low. For ELS, this leads to a yearly average estimate of $1.88964. Based on analyst estimates, the high estimate for the next quarter is $0.52 and the low estimate is $0.48. The average estimate for the next quarter is thus $0.5.
