Wall Street brokerages forecast that Prologis Inc (NYSE:PLD) will announce earnings per share (EPS) of $0.71 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Prologis’ earnings. The lowest EPS estimate is $0.69 and the highest is $0.73. Prologis posted earnings of $0.84 per share during the same quarter last year, which would indicate a negative year over year growth rate of 15.5%. The business is expected to report its next earnings results on Tuesday, July 17th.
According to Zacks, analysts expect that Prologis will report full-year earnings of $2.98 per share for the current financial year, with EPS estimates ranging from $2.84 to $3.05. For the next financial year, analysts anticipate that the firm will report earnings of $3.16 per share, with EPS estimates ranging from $3.10 to $3.28. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Prologis.
Prologis (NYSE:PLD) last released its earnings results on Tuesday, April 17th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.33. Prologis had a return on equity of 9.86% and a net margin of 67.65%. The company had revenue of $555.90 million for the quarter, compared to analysts’ expectations of $552.42 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The firm’s quarterly revenue was down 1.9% on a year-over-year basis.
In related news, insider Michael S. Curless sold 14,465 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $62.49, for a total value of $903,917.85. Following the sale, the insider now owns 102 shares of the company’s stock, valued at approximately $6,373.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director J Michael Losh sold 3,618 shares of the company’s stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $65.38, for a total value of $236,544.84. Following the completion of the sale, the director now directly owns 24,957 shares in the company, valued at approximately $1,631,688.66. The disclosure for this sale can be found here. Insiders have sold a total of 21,701 shares of company stock worth $1,377,116 in the last three months. Corporate insiders own 1.31% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Covington Investment Advisors Inc. purchased a new stake in Prologis in the 1st quarter valued at approximately $24,275,000. McKinley Carter Wealth Services Inc. purchased a new stake in Prologis in the 1st quarter valued at approximately $106,000. Virtue Capital Management LLC purchased a new stake in Prologis in the 4th quarter valued at approximately $143,000. Signaturefd LLC purchased a new stake in Prologis in the 1st quarter valued at approximately $142,000. Finally, Parallel Advisors LLC lifted its stake in Prologis by 66.3% in the 4th quarter. Parallel Advisors LLC now owns 2,509 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 1,000 shares in the last quarter. 94.16% of the stock is currently owned by hedge funds and other institutional investors.
NYSE PLD opened at $64.41 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.66 and a current ratio of 0.66. Prologis has a 12-month low of $55.21 and a 12-month high of $67.53. The company has a market cap of $34.38 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 4.32 and a beta of 0.82.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, June 14th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Wednesday, June 13th. Prologis’s dividend payout ratio (DPR) is 68.33%.
Prologis Company Profile
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of March 31, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 683 million square feet (63 million square meters) in 19 countries.
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