Wall Street analysts predict that Prologis, Inc. (NYSE:PLD) will report $1.05 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Prologis’ earnings, with estimates ranging from $1.03 billion to $1.06 billion. Prologis posted sales of $980.15 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The company is expected to announce its next earnings report on Tuesday, October 19th.
On average, analysts expect that Prologis will report full-year sales of $4.17 billion for the current year, with estimates ranging from $4.13 billion to $4.21 billion. For the next financial year, analysts forecast that the company will post sales of $4.48 billion, with estimates ranging from $4.33 billion to $4.61 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Prologis.
Prologis (NYSE:PLD) last issued its earnings results on Sunday, July 18th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.37. Prologis had a net margin of 34.54% and a return on equity of 4.27%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm earned $1.11 earnings per share. Prologis’s revenue was up 21.8% on a year-over-year basis.
In related news, Director Lydia H. Kennard sold 10,000 shares of Prologis stock in a transaction on Thursday, May 27th. The shares were sold at an average price of $118.00, for a total value of $1,180,000.00. Following the sale, the director now owns 32,773 shares in the company, valued at $3,867,214. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Wealthcare Capital Management LLC bought a new position in Prologis in the 1st quarter worth about $27,000. Vantage Consulting Group Inc bought a new position in Prologis in the 4th quarter worth about $27,000. Logan Capital Management Inc. bought a new position in Prologis in the 1st quarter worth about $29,000. Trustcore Financial Services LLC bought a new position in Prologis in the 1st quarter worth about $37,000. Finally, JJJ Advisors Inc. raised its position in Prologis by 41.8% in the 1st quarter. JJJ Advisors Inc. now owns 356 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.
PLD traded up $0.35 during trading on Monday, hitting $127.25. 8,718 shares of the company’s stock were exchanged, compared to its average volume of 2,212,616. The company has a current ratio of 0.20, a quick ratio of 0.59 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average price is $121.53. Prologis has a fifty-two week low of $93.08 and a fifty-two week high of $128.87. The company has a market cap of $94.14 billion, a PE ratio of 61.01, a P/E/G ratio of 4.40 and a beta of 0.74.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 30th. Investors of record on Wednesday, June 16th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Tuesday, June 15th. Prologis’s dividend payout ratio (DPR) is currently 66.32%.
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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