$1.03 Earnings Per Share Expected for Prologis, Inc. (NYSE:PLD) This Quarter

Wall Street analysts predict that Prologis, Inc. (NYSE:PLD) will announce earnings per share (EPS) of $1.03 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Prologis’ earnings, with the lowest EPS estimate coming in at $1.00 and the highest estimate coming in at $1.04. Prologis reported earnings of $0.90 per share during the same quarter last year, which suggests a positive year over year growth rate of 14.4%. The business is scheduled to announce its next quarterly earnings report on Tuesday, October 19th.

On average, analysts expect that Prologis will report full year earnings of $4.07 per share for the current year, with EPS estimates ranging from $4.05 to $4.10. For the next financial year, analysts expect that the firm will post earnings of $4.51 per share, with EPS estimates ranging from $4.42 to $4.59. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Prologis.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Sunday, July 18th. The real estate investment trust reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.37. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Prologis had a net margin of 34.54% and a return on equity of 4.27%. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 earnings per share.

Several analysts have weighed in on PLD shares. Barclays started coverage on shares of Prologis in a research note on Wednesday, September 1st. They set an “overweight” rating and a $159.00 price objective on the stock. Truist Securities increased their price target on shares of Prologis from $123.00 to $137.00 and gave the company a “buy” rating in a research note on Saturday, July 31st. Wolfe Research assumed coverage on shares of Prologis in a research note on Monday, June 14th. They set a “peer perform” rating and a $133.00 price target on the stock. The Goldman Sachs Group increased their price target on shares of Prologis from $148.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Robert W. Baird increased their price target on shares of Prologis from $108.00 to $124.00 and gave the company a “neutral” rating in a research note on Tuesday, July 20th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $137.13.

Institutional investors and hedge funds have recently bought and sold shares of the business. Eagle Bay Advisors LLC acquired a new stake in Prologis in the second quarter worth $26,000. Logan Capital Management Inc. acquired a new stake in Prologis in the first quarter worth $29,000. Strategic Blueprint LLC acquired a new stake in Prologis in the second quarter worth $30,000. Meridian Wealth Partners LLC raised its holdings in Prologis by 70.3% in the first quarter. Meridian Wealth Partners LLC now owns 441 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 182 shares during the period. Finally, Albion Financial Group UT acquired a new stake in Prologis in the second quarter worth $48,000. Institutional investors own 93.04% of the company’s stock.

Prologis stock traded down $1.05 during trading hours on Monday, hitting $129.06. 2,159,538 shares of the stock were exchanged, compared to its average volume of 2,578,101. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a market capitalization of $95.41 billion, a P/E ratio of 61.63, a P/E/G ratio of 4.47 and a beta of 0.72. Prologis has a 12 month low of $93.08 and a 12 month high of $139.60. The business’s 50-day moving average is $131.22 and its two-hundred day moving average is $120.06.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Friday, September 17th will be issued a $0.63 dividend. The ex-dividend date is Thursday, September 16th. This represents a $2.52 annualized dividend and a yield of 1.95%. Prologis’s dividend payout ratio (DPR) is presently 66.32%.

Prologis Company Profile

Prologis, Inc engages in the provision of real estate investment trust services. It operates through Real Estate Operations and Strategic Capital segments. The Real Estate Operations segment represents the ownership and development of logistics properties and also includes rental revenues, recoveries and expenses recognized from its consolidated properties.

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Earnings History and Estimates for Prologis (NYSE:PLD)

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