Analysts See $0.21 EPS for Paramount Group Inc (PGRE)

October 13, 2017 - By Stephen Andrade

 Analysts See $0.21 EPS for Paramount Group Inc (PGRE)

Wall Street await Paramount Group Inc (NYSE:PGRE) to release earnings on November, 1. Analysts forecast EPS of $0.21, up exactly $0.01 or 5.00 % from 2014’s $0.2 EPS. The expected PGRE’s profit could reach $50.20M giving the stock 19.57 P/E in the case that $0.21 earnings per share is reported. After posting $0.23 EPS for the previous quarter, Paramount Group Inc’s analysts now forecast -8.70 % negative EPS growth. The stock increased 0.03% or $0.01 on October 13, reaching $16.44. About 1.17M shares traded or 0.86% up from the average. Paramount Group Inc (NYSE:PGRE) has declined 1.39% since October 13, 2016 and is downtrending. It has underperformed by 18.09% the S&P500.

Paramount Group Inc (NYSE:PGRE) Ratings Coverage

Among 10 analysts covering Paramount Group (NYSE:PGRE), 4 have Buy rating, 3 Sell and 3 Hold. Therefore 40% are positive. Paramount Group had 18 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Paramount Group Inc (NYSE:PGRE) has “Overweight” rating given on Wednesday, March 2 by Capital One. The firm has “Sell” rating by Goldman Sachs given on Thursday, June 22. As per Tuesday, March 29, the company rating was downgraded by Bank of America. The stock has “Hold” rating by Evercore on Monday, August 10. The firm has “Buy” rating by Goldman Sachs given on Tuesday, November 10. On Tuesday, September 8 the stock rating was maintained by Evercore with “Buy”. Mizuho maintained it with “Neutral” rating and $16 target in Thursday, February 25 report. The firm has “Market Perform” rating given on Monday, March 28 by Cowen & Co. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, December 13. Wells Fargo upgraded Paramount Group Inc (NYSE:PGRE) on Tuesday, December 13 to “Outperform” rating.

Paramount Group, Inc. is a fully-integrated real estate investment trust 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 (D.C.) and San Francisco. The company has market cap of $3.93 billion. The Firm conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership). It has a 40.11 P/E ratio. The Company’s divisions include New York, Washington, D.C. and San Francisco.

Another recent and important Paramount Group Inc (NYSE:PGRE) news was published by Nasdaq.com which published an article titled: “Paramount Group, Inc. (PGRE) Ex-Dividend Date Scheduled for September 28, 2017” on September 27, 2017.

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