Prologis (NYSE:PLD) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $2.95-3.01 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.91.
NYSE:PLD opened at $63.50 on Tuesday. The stock has a market capitalization of $33,187.94, a price-to-earnings ratio of 22.28, a PEG ratio of 4.68 and a beta of 0.82. Prologis has a 12 month low of $53.15 and a 12 month high of $67.53. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.51.
Prologis (NYSE:PLD) last released its quarterly earnings results on Monday, April 16th. The real estate investment trust reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.06. The firm had revenue of $555.90 million for the quarter, compared to analyst estimates of $552.42 million. Prologis had a net margin of 63.11% and a return on equity of 9.12%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. research analysts predict that Prologis will post 2.91 earnings per share for the current fiscal year.
PLD has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of Prologis from $68.00 to $70.00 and gave the company a buy rating in a research report on Wednesday, January 24th. Cantor Fitzgerald set a $69.00 price target on shares of Prologis and gave the company a buy rating in a research report on Tuesday, January 23rd. BMO Capital Markets set a $68.00 price target on shares of Prologis and gave the company a buy rating in a research report on Tuesday, January 23rd. Jefferies Group upgraded shares of Prologis from a hold rating to a buy rating in a research report on Thursday, April 12th. Finally, Citigroup upgraded shares of Prologis from a neutral rating to a buy rating and set a $72.00 target price on the stock in a research report on Friday, April 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $67.94.
In related news, insider Michael S. Curless sold 14,465 shares of the stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $62.49, for a total value of $903,917.85. Following the transaction, the insider now directly owns 102 shares in the company, valued at $6,373.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William D. Zollars sold 4,020 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $60.48, for a total transaction of $243,129.60. Following the completion of the transaction, the director now owns 20,225 shares in the company, valued at $1,223,208. The disclosure for this sale can be found here. 1.32% of the stock is currently owned by corporate insiders.
COPYRIGHT VIOLATION WARNING: “Prologis (PLD) Issues FY18 Earnings Guidance” was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2018/04/17/prologis-pld-issues-fy18-earnings-guidance.html.
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, 2017, 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 684 million square feet (64 million square meters) in 19 countries.
Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.