Recommended Momentum ‘How’ and ‘Why’: Equity Residential (NYSE:EQR), CEMEX (NYSE:CX)

Equity Residential (NYSE:EQR) [Trend Analysis] luring active investment momentum, shares an advance 0.12% to $60.77. Equity Residential (EQR) declared that firm has established an FFO guidance range of $3.01 to $3.11 per share for 2017. The company expects normalized FFO in a range of $3.05 to $3.15 per share for 2017. The company expects EPS in a range of $1.92 to $2.02 for full year 2017. Same store revenue is expected to increase 1.0% to 2.25% for the fiscal year.

Equity Residential has established an FFO guidance range of $0.68 to $0.72 per share for the first quarter of 2017. The company expects normalized FFO in a range of $0.71 to $0.75 per share for the first quarter of 2017. The company expects EPS in a range of $0.32 to $0.36.For the fourth-quarter, earnings per share was $0.75 compared to $0.55 in the fourth quarter of 2015. FFO (NAREIT), was $0.80 per share compared to $0.92. Normalized FFO was $0.79 per share compared to $0.93. On a same store fourth quarter to fourth quarter comparison, which includes 70,881 apartment units, revenues surged 2.9%. The total volume of 2.92 Million shares held in the session was surprisingly higher than its average volume of 2232.63 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 42.10%, and looking further price to next year’s EPS is -88.03%. While take a short look on price to sales ratio, that was 8.81 and price to earnings ratio of 5.26 attracting passive investors.

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) [Trend Analysis] runs in leading trade, it moving down -0.43% to traded at $9.26. The firm has price volatility of 3.31% for a week and 3.01% for a month. Its beta stands at 1.84 times. A U.S. subsidiary of Mexico’s Cemex, one of the world’s largest cement producers, sold a concrete tubing unit for approximately $500 million, the company said on Tuesday. In a statement sent to Mexico’s stock exchange, Cemex said proceeds from the transaction would be used to reduce debt. Narrow down four to firm performance, its weekly performance was 1.20% and monthly performance was 16.48%. The stock price of CX is moving up from its 20 days moving average with 10.00% and isolated positively from 50 days moving average with 12.71%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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