Prologis (NYSE:PLD) will be announcing its earnings results before the market opens on Tuesday, October 20th. Analysts expect the company to announce earnings of $0.88 per share for the quarter. Prologis has set its FY 2020
Pre-Market guidance at 3.70-3.75 EPS and its FY20 guidance at $3.70-3.75 EPS.Investors interested in listening to the company’s conference call can do so using this link.
Prologis (NYSE:PLD) last released its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.08. The business had revenue of $945.00 million during the quarter, compared to analyst estimates of $921.45 million. Prologis had a return on equity of 5.55% and a net margin of 43.27%. Prologis’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. On average, analysts expect Prologis to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
NYSE PLD opened at $104.26 on Friday. The firm has a market capitalization of $77.02 billion, a P/E ratio of 40.73, a PEG ratio of 3.50 and a beta of 0.89. The business has a fifty day simple moving average of $101.80 and a 200 day simple moving average of $95.25. Prologis has a 12 month low of $59.82 and a 12 month high of $109.11. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.43.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 17th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Wednesday, September 16th. Prologis’s dividend payout ratio is presently 70.09%.
PLD has been the subject of several research analyst reports. Goldman Sachs Group initiated coverage on Prologis in a research report on Tuesday, September 29th. They set a “buy” rating for the company. Morgan Stanley raised their target price on Prologis from $91.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Citigroup raised their target price on Prologis from $93.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Zacks Investment Research lowered Prologis from a “buy” rating to a “hold” rating and set a $111.00 target price for the company. in a research report on Thursday, October 8th. Finally, Wells Fargo & Company raised their target price on Prologis from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $105.94.
Prologis Company Profile
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 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 768 million square feet (71 million square meters) in 19 countries.
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