AMREP's Q3 revenue nearly doubles, profit rises sharply

Overview

• US real estate developer's fiscal Q3 revenue increased 94% yr/yr

• Fiscal Q3 net income and diluted EPS rose sharply from prior year

Outlook

• Company did not provide specific guidance or outlook for future periods

Company press release: ID:nGNX1mMvzc

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the construction & engineering peer group is "buy"

• Wall Street's median 12-month price target for AMREP Corp is $23.00, about 2.5% below its March 11 closing price of $23.58

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

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