Brokerages Anticipate Prologis Inc (PLD) Will Post Earnings of $0.79 Per Share

Equities analysts predict that Prologis Inc (NYSE:PLD) will post earnings per share of $0.79 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Prologis’ earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.78. Prologis reported earnings of $0.67 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 17.9%. The firm is scheduled to issue its next earnings results on Tuesday, January 22nd.

On average, analysts expect that Prologis will report full year earnings of $3.02 per share for the current financial year, with EPS estimates ranging from $3.01 to $3.02. For the next fiscal year, analysts forecast that the company will post earnings of $3.16 per share, with EPS estimates ranging from $3.10 to $3.26. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Prologis.

Prologis (NYSE:PLD) last released its quarterly earnings data on Tuesday, October 16th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The firm had revenue of $611.00 million during the quarter, compared to analysts’ expectations of $582.23 million. Prologis had a return on equity of 6.65% and a net margin of 51.66%. Prologis’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 earnings per share.

Several analysts have weighed in on the company. Zacks Investment Research lowered Prologis from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. ValuEngine raised Prologis from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Bank of America upped their target price on Prologis from $72.00 to $73.00 and gave the company a “buy” rating in a report on Monday, September 10th. Deutsche Bank upped their target price on Prologis from $66.00 to $68.00 and gave the company a “hold” rating in a report on Friday, August 24th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $70.00 target price on shares of Prologis in a report on Tuesday, October 16th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Prologis has a consensus rating of “Buy” and a consensus price target of $71.93.

Prologis stock opened at $64.81 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $40.80 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 4.27 and a beta of 0.75. Prologis has a fifty-two week low of $58.28 and a fifty-two week high of $68.95.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Tuesday, December 18th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, December 17th. Prologis’s payout ratio is currently 68.33%.

In related news, Director Philip L. Hawkins sold 15,000 shares of the stock in a transaction on Friday, November 9th. The stock was sold at an average price of $67.23, for a total transaction of $1,008,450.00. Following the sale, the director now owns 69,511 shares of the company’s stock, valued at $4,673,224.53. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward S. Nekritz sold 18,099 shares of the stock in a transaction on Friday, September 21st. The shares were sold at an average price of $67.66, for a total value of $1,224,578.34. Following the sale, the insider now directly owns 106,102 shares in the company, valued at approximately $7,178,861.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,907 shares of company stock worth $3,565,328. Corporate insiders own 1.32% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Palo Capital Inc. acquired a new stake in shares of Prologis during the third quarter valued at $150,000. Kistler Tiffany Companies LLC acquired a new stake in shares of Prologis during the third quarter valued at $160,000. Capital Guardian Trust Co. acquired a new stake in shares of Prologis during the third quarter valued at $164,000. Quadrant Capital Group LLC boosted its stake in shares of Prologis by 48.7% during the third quarter. Quadrant Capital Group LLC now owns 2,507 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 821 shares during the last quarter. Finally, KAMES CAPITAL plc acquired a new stake in shares of Prologis during the third quarter valued at $201,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 30, 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 771 million square feet (72 million square meters) in 19 countries.

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Earnings History and Estimates for Prologis (NYSE:PLD)

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